All Mergers and acquisitions articles – Page 49
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News
"K" Line completes SAL Group takeover
April 4 - Kawasaki Kisen Kaisha Ltd ("K" Line), which has had a 50 percent stake in Schiffahrtskontor Altes Land GmbH (SAL Group) since 2007 has agreed to purchase the remaining shares in the SAL Group at the end of June 2011.
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Erfmann secures control of Swift Freight brand in Dubai
April 4 - Barloworld Logistics (BWL) Middle East & Asia has sold a recently created entity Swift Freight LLC to the former ceo of Swift Freight International LLC, three years after it acquired the latter company along with its branch network in Africa and
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REpower sells logistics subsidiary
April 1 - REpower Systems AG has sold the assets of its logistics subsidiary Windenergie Logistik GmbH (WEL) to Universal Windkraft Logistik GmbH.
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PL Shipping & Logistics is now M+R Logistics (India)
April 1 - With the takeover of its Indian agent PL Shipping & Logistics Pvt. Ltd. in September 2010, Swiss based M+R Spedag Group created a strong position in the Indian logistics market.
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Cargotec signs a long-term frame agreement with Siemens Wind Power
March 31 - Cargotec has entered into a long-term frame agreement with Siemens Wind Power A/S, one of the world's leading suppliers of wind power solutions for onshore, offshore and coastal sites.
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Sarens' worldwide menu of heavy lifts
March 21 - In a bi-annual message to its heavy lift industry clients, Belgium-based heavy lift multi-purpose contractor Sarens Group has revealed the range of recent lifting operations it has been involved in as well its acquisition of a new Canadian memb
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Vanguard expands storage capability at Richards Bay
March 21 - South Africa-based heavy lift and plant relocation specialist Vanguard has extended its in-harbour capabilities with the acquisition of a 2,800 sq m handling and storage yard in the busy Richards Bay port to complement the multi-axle service it
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BDP names new senior managers, Crowley names Larkin as VP
March 18 - BDP International has promoted John Bolte to the newly created position of chief strategy and development officer, and Michael Andaloro has been promoted to global chief operating officer. Both will report to president and ceo Richard J Bolte J
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Boskalis sees 2011 as a year of transition
March 18 - Dutch maritime services company, Royal Boskalis Westminster has announced a 36 percent increase in net profits for 2010 and cited the acquisition of Smit Internationale, an improved performance from its Dredging business and an exceptional gain
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Customs licence for Hellmann East Europe
March 11 - Hellmann East Europe has gained the Customs Representative Licence for Russia (previously known as the Customs Broker Licence) which enables the company to offer customs clearance services under its own private licence.
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Intermediaries post positive results
March 10 - The HLPFI editorial inbox has been inundated with results statements from freight intermediaries which paint quite a positive picture.
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Corpus Christi completes property sale to Canyon
March 10 - Further to our report on February 23, the Port Corpus Christi commissioners have approved a letter of intent with Canyon Supply & Logistics for the sale of its Ingleside Facility, formerly known as U.S. Naval Station Ingleside, for USD102.1 mil
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Wilhelmsen Ships Service acquires Eurokor Logistics
March 3 - Effective April 1, Wilhelmsen Ships Service has agreed to acquire Eurokor Logistics, a ships agency, logistics and forwarding company with operations in the Netherlands and Belgium.
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Increased profits for Toll
February 25 - Toll Holdings, the Asia-based transport and logistics provider, recorded an 18 0ncrease in reported profits after tax to USD173 million and a 28% jump in revenue to USD4.2 billion for the six months ended 31 December 2010.
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Offshore supply vessels for Topaz
February 24 - Topaz Energy and Marine, an international oilfield services group, is set to acquire two offshore supply vessels in Brazil, for a total delivered price of USD40.4 million.
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Panalpina acquires Norwegian forwarder Grieg Logistics
February 23 - Panalpina today announced it was acquiring Grieg Logistics, a Norwegian forwarder, subject to the approval of local competition authorities.
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Konecranes completes acquisition of WMI Cranes
February 21 - Following the October 2010 announement that it had entered into an agreement to acquire the Indian crane company WMI Cranes Ltd (WMI, Konecranes has now received the required regulatory approvals, and WMI will be consolidated into Konecranes
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Rock-It Cargo expands logistics activities
February 15 - Rock-It Cargo's acquisition of certain assets of Core Logistics and B.E. Logistics will facilitate the movement of heavy cargoes for events such as music tours and film production, says the company.
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Container-Transport-Dienst enhances over-dimensional capabilities
February 4 - Hamburg-based Container-Transport-Dienst has added a four-axle heavy-load chassis to the three-axle telescopic chassis previously deployed for handling oversize and heavy cargoes.
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Panalpina will integrate long-time partner in Australia
February 2 - Panalpina will fully integrate its partner Apollo in Perth, Australia stating that the Apollo set-up ideally complements Panalpina's already existing office which focuses on industrial projects and the oil and gas business.