All Mergers and acquisitions articles – Page 27
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Ti report predicts 'further consolidation'
July 1 - Transport Intelligence's (Ti) new Global Freight Forwarding 2016 report suggests that while the market is estimated to have contracted by 1.6 percent in 2015, forwarders' revenues were not hit as hard as you might think.
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Hapag board approves UASC merger
June 29 - Hapag-Lloyd's supervisory board has approved the merger of the German container line with United Arab Shipping Company (UASC).
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Buckerfield in at Virgin
June 24 - Virgin Atlantic Cargo has appointed Steve Buckerfield as vice president sales.
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Siemens and Gamesa to merge
June 21 - Siemens has signed a binding agreement to merge its wind power business with Gamesa to create what it claims will become “a leading global wind power player”.
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K+N in European reshuffle
June 21 - With effect from October 1, Kuehne + Nagel is establishing two organisational units focusing on central and eastern Europe, and western Europe respectively.
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Chipolbrok celebrates 65 years
June 14 - The Chinese-Polish Joint Stock Shipping Company (Chipolbrok), which celebrates its 65th anniversary tomorrow, says that, in spite of the "ongoing shipping crisis since 2008, the latest mergers, cooperations and startups", the company has dealt w
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Lubbers to take on Wagenborg division
June 6 - Dutch specialised transport services provider Lubbers Logistics Group intends to acquire the special road transport division of Wagenborg Nedlift, with effect from July 1.
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Lifting first for Balmer
June 6 - Balmer Spedition und LKW-Service has purchased its first mobile crane - a five-axle Liebherr LTM 1160-5.2.
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Rickmers takes on Nordana's project line
June 1 - Consolidation in the multipurpose shipping sector took a further step forward today with the news that Rickmers-Linie is set to take over Nordana Project & Chartering.
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Terex ends Zoomlion talks
May 31 - Terex has confirmed that discussions with Zoomlion Heavy Industry Science and Technology regarding the potential purchase of the US headquartered manufacturer have been terminated.
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Kalhagen joins Metro Ports
May 24 - Metro Ports has named Geir-Eilif Kalhagen to the newly-created position of director of northern California and Pacific Northwest.
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Terex agrees Konecranes sale
May 17 - Terex Corporation has agreed with Konecranes to terminate its original merger plans and instead sell its material handling and port solutions (MHPS) business to the Finnish company for USD1.3 billion.
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Horizon Terminal opens at Port Everglades
May 13 - Horizon Terminal Services has commenced operations in Port Everglades, Florida, USA.
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Hapag-Lloyd battles through 'seasonally weak first quarter'
May 13 - Hapag-Lloyd reported a fall in revenues during the first quarter of 2016, due in part to a significant drop in average freight rates.
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Container lines form THE Alliance
May 13 - Hanjin Shipping, Hapag-Lloyd, "K"Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha (NYK Line) and Yang Ming have partnered to form THE Alliance - a new container shipping alliance covering East-West trade lanes.
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Challenging times ahead, says WWH
May 13 - Shipping and integrated logistics group Wilh. Wilhelmsen Holding (WWH) reported an operating profit of USD143 million for Q1 2016, on the back of revenues totalling USD848 million during the quarter.
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Modern Cranes buys Grove unit
May 9 - Modern Cranes, a crane rental company based in Hyderabad, India, has expanded its crane fleet with its biggest acquisition yet - a Grove GMK6300L.
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AmQuip and Maxim to merge
May 3 - North American private equity firm Apollo Global Management has signed agreements to acquire and merge together AmQuip Crane Rental and Maxim Crane Works.
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Hapag discusses UASC merger
April 21 - Hapag-Lloyd has confirmed that it is currently discussing forms of cooperation with United Arab Shipping Company (UASC), including a potential combination of the two parties' mutual container shipping operations.