Food and gateway services provider SATS is set to buy Thai food company Food City for US$15.9 million ($21 million), the company announced in a press release this week. This will give SATS majority control or 85 percent of the food production company, which includes the 30,000-sqm Pathumthani food production facility. Following the acquisition, this facility will be configured to produce 90,000 ready-to-eat meals daily. Also read: dnata earns IATA’s CEIV Fresh certification in … [Read more...] about SATS buys major stake in Thai food manufacturer
mergers and acquisitions
DSV Panalpina acquires Agility’s GIL unit for US$4.2 billion
DSV Panalpina is set to become the world's third largest transport and logistics company as it announced the acquisition of Agility's Global Integrated Logistics (GIL). The transaction, valued at US$4.2 billion (DKK 26 billion), is the latest acquisition of the Danish company after it bought out Swiss-based Panalpina 2 years ago. DSV recently completed the integration with Swiss Panalpina, and with the acquisition of GIL, the company is set to become the world’s third largest with a combined … [Read more...] about DSV Panalpina acquires Agility’s GIL unit for US$4.2 billion
Kuehne+Nagel to buy Asian forwarder Apex International
Kuehne+Nagel is set to expand its footprint in Asia Pacific after it agreed to buy freight forwarder Apex International, which the Swiss company described as the “largest acquisition in its history.” In a press release, the two parties have agreed to not disclose any transaction details, but a Bloomberg report valued the purchase at US$1.5 billion. Apex was founded in China in 2001 and has expanded throughout Asia, with particular focus on the transpacific and intra-Asia routes. In 2015, … [Read more...] about Kuehne+Nagel to buy Asian forwarder Apex International
SF Holding takes over Kerry Logistics in $2.3b deal
Parcel delivery firm SF Holding is set to acquire a majority stake of Kerry Logistics as it aims to improve its international logistics capacity in a proposed ‘strategic investment and cooperation’ between the two companies, a press release confirmed. The proposed takeover will see the Chinese courier take a 51.8 percent stake in Kerry Logistics at HK$18.8 (US$2.43) per share, with the deal valued at US$2.3 billion. News broke of a potential deal last week as trading for both companies was … [Read more...] about SF Holding takes over Kerry Logistics in $2.3b deal
DSV looks to boost e-commerce service with Prime Cargo purchase
DSV Panalpina is eyeing to ramp up its e-commerce game as the Danish company announced plans to acquire Prime Cargo, owned by Japanese logistics group Mitsui-Soko, including the forwarding company’s business in Denmark, Poland and China. Prime Cargo's expertise within e-commerce is well known and the company operates fully automated warehouses similar to DSV’s Oslo facility. Also read: DSV ramps up innovation at Oslo facility, works with startups on Plug & Play “Prime Cargo in … [Read more...] about DSV looks to boost e-commerce service with Prime Cargo purchase
DHL Supply Chain tops rankings again
DHL Supply Chain, recently rebranded from DHL Exel Supply Chain, has once again taken top position as the largest player in the market, according to Transport Intelligence’s (TI) recently released annual rankings of the largest contract logistics operators on a globaland regional basis. In 2008 DHL Supply Chain generated revenues in excess of €12 billion, some considerable distance ahead of its nearest rival, CEVA, according to the ranking. In third position is Swiss-based … [Read more...] about DHL Supply Chain tops rankings again
