Hellmann Worldwide Logistics contintues its expansion strategy in the European market and has its eyes set on integrating Italian subsidiary Hellmann Worldwide Logistics S.p.A. otherwise known as Hellmann Italy. The Milan-based company, which employs approximately 70 people at six locations, has been providing sea- and airfreight services in Italy since 2006. Hellmann said the acquisition marks the company's entry into this important European not only complete its network in the central … [Read more...] about Hellmann targets Italian logistics with partner acquisition
mergers and acquisitions
Scan Global Logistics has a new owner
Danish logistics provider Scan Global Logistics (SGL) has announced its newest owner, CVC Capital Partners Fund VIII or CVC, a press release dated 6 February stated. CVC has agreed to acquire a majority shareholding in the company from an investor group led by AEA Investors Small Business Private Equity or AEA, but the financial terms of the transaction were not disclosed. In Asia, CVC also owns Fast Logistics in the Philippines, which operates an extensive network of transport, warehousing, … [Read more...] about Scan Global Logistics has a new owner
CEVA forms new org to drive auto logistics
CEVA Logistics is eyeing to finish within the top 3 logistics players (3PL) across the globe as the company continued its integration with GEFCO, which specializes in finished vehicle logistics (FVL). The transport and logistics player, backed by parent company CMA CGM Group who bought GEFCO in July 2022, has formed a dedicated FVL organisation as it plans to become a global leader in automotive logistics. CEVA said GEFCO, created by French automaker Peugeot in 1949, has been … [Read more...] about CEVA forms new org to drive auto logistics
SATS to become largest handler with WFS merger
A week after news broke about a potential acquisition that would see a combination of the world’s top ground handlers, Singapore-based catering and gateway services SATS Ltd has announced a proposal to acquire Paris-based air cargo handler Worldwide Flight Services at an enterprise value of €2.25 billion ($2.1 billion). SATS will acquire WFS from an affiliate of investment firm Cerberus Capital Management (Cerberus) and pay about €1.2 billion (US$1.2 billion) in cash. The deal will be … [Read more...] about SATS to become largest handler with WFS merger
New merger to rev up SGL’s offerings for auto sector
Scan Global Logistics (SGL) has kept pace in pursuing its acquisition strategy and will now enhance its auto special logistics (ASL) offering as it acquired German-American service provider AFL, effective August 9. The acquisition is expected to support the company’s automotive special logistics services, with assets from AFL Logistics GmbH in Germany and American Freight Line S.E. Inc. (AFL) in the US. This is the 9th acquisition of SGL in this year alone and most of its recent … [Read more...] about New merger to rev up SGL’s offerings for auto sector
Scan Global expands footprint in Asia with latest merger
Copenhagen-based logistics provider Scan Global Logistics (SGL) has taken another step in building on its 10-year-strong presence in China and Hong Kong with the acquisition of Sea-Air Logistics (SAL), headquartered in Hong Kong. The takeover will take effect on 5 July 2022, and Scan Global said the merger will allow for further penetration in segments like consumer electronics, technology, pharma and healthcare. SGL noted that the acquisition will increase its market share on the … [Read more...] about Scan Global expands footprint in Asia with latest merger
