All Mergers and acquisitions articles – Page 41
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Barloworld acquires TCS
July 30 - Barloworld Transport Solutions (BWTS) has acquired TCS Logistics (PYT) Ltd, a specialist in moving abnormal loads into and around sub-Saharan Africa.
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CJ Korea chooses Amarcon's OCTOPUS
July 25 - Netherlands headquartered Amarcon - a member of the ABB Group - has received an order for two OCTOPUS-Onboard motion monitoring systems from CJ Korea Express.
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Erickson expands with Air Amazonia
July 23 - Oregon, USA headquartered Erickson Air-Crane has signed a definitive purchase agreement for Brazil based Air Amazonia Servi
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Intermarine names new md worldwide chartering
July 19 - Heavy lift shipping line Intermarine LLC has appointed Ask Munck as managing director of worldwide chartering services on a permanent basis.
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The Friday Flyer - July 19th 2013
Economic black clouds are being seen over two of the BRIC countries that could spell stormy weather for operators in the heavy lift and project cargo markets.
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Broekman buys TWO Chemical
July 17 - Netherlands headquartered Broekman Group has acquired TWO Chemical Logistics from Emons Group.
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Kerry acquires Braservice
July 16 - Hong Kong based global logistics services provider Kerry Logistics has acquired a minority stake in Braservice - a Brazil based logistics and Customs brokerage firm.
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The Friday Flyer - July 12th 2013
Issue 33 of HLPFI has been put to bed and the various reports it contains suggest that whilst growth has slowed in the project cargo business in Australia, Canada and Korea, there are signs of recovery in the UK and renewed optimism about prospects in the
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DSV acquires Columbian agent
June 24 - Denmark headquartered freight forwarder DSV has acquired its Columbian agent, Airmar Cargo S.A. in a move to further strengthen its foothold in South America.
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The Friday Flyer - June 14th 2013
These are the best of times to be buying shipping capacity and the worst of times to be selling shipping capacity. That is the message from Global Shipping Industry
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Clipper Projects and Thorco Shipping merge
June 11 - Clipper Projects and Thorco Shipping are set to merge and form one of the world's largest multipurpose/project shipping lines.
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Hicks takes on warehousing
June 10 - UK-based Hicks Logistics is expanding into warehousing following the acquisition of an industrial unit next to its existing headquarters in South Wales, in a move which will see ten new staff join the company.
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The Friday Flyer - June 7th 2013
In normal business cycles, some companies prosper and some companies fail. These are not normal business times so it is difficult to know whether STX Pan Ocean, South Korea's largest commodities shipping line, might have filed for court receivership even
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EIB funds Lithuanian Railways
June 3 - The president of the European Investment Bank (EIB), Werner Hoyer, has signed a EUR50 million (USD65.2 million) loan agreement with Lithuanian Railways for the acquisition of new rolling stock.
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ASCO Singapore shareholders seeks to go it alone
May 31 - Mangrove Holdings Pte Ltd has rejected an offer made by joint venture partner ASCO Holdings Ltd for the shares it holds in ASCO Freight Management Pte Ltd (ASCO Singapore) and says it has made a counter offer to acquire ASCO Holdings' majority sh
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Damco sees revenue and gross profit gains
May 23 - Damco has reported a 6 percent year-on-year revenue increase in Q1 2013 to USD773 million; with gross profit growing 5.4 percent to USD195 million. However, earnings before interest and tax during Q1 2013 totaled USD9 million - down 30.7 percent
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Evergreen acquires five aircraft
May 20 - Evergreen Helicopters - the wholly owned subsidiary of Portland, Oregon headquartered Erickson Air-Crane - has purchased five aircraft for USD10.1 million.
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Q1 slowdown at IAG
May 10 - IAG Cargo - the air freight division of the International Airlines Group - has seen its revenue for Q1 2013 drop by 7.2 percent year-on-year to EUR270 million (USD350.9 million).
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Boskalis adds to management board
May 9 - Dutch marine contractor Royal Boskalis Westminster held its annual general meeting on May 8, 2013.
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Hull Blyth makes African acquisitions
May 7 - Ship agency specialist in West Africa, Hull Blyth, has acquired Mainport Africa Shipping and Kestrel Maritime in South Africa.