GIC, an investment firm headquartered in Singapore, has announced its acquisition of a logistics facility located in Yatomi City, part of the Greater Nagoya metropolitan area. The strategic move expands GIC’s portfolio in Japan, positioning the firm closer to the Nagoya central business district and other key regional areas. The asset, developed and completed in […]
French conglomerate Bolloré Group has announced the signing of a share purchase agreement to sell 100% of Bolloré Logistics to the CMA CGM Group, a French shipping and logistics company, for €4.65 billion. This agreement comes after the completion of information and consultation procedures with relevant staff representative bodies and the exercise of the put […]
Global alternative investment firm H.I.G. Capital announced that its portfolio company, Grupo Ransa, has completed a merger with Transportes Centroamericanos del Futuro (TCF). Ransa, a leading third-party logistics player in Latin America, operates in eight countries across 35 cities. Transportes Centroamericanos del Futuro, on the other hand, is a premier provider of land freight transportation, […]
AVG Logistics, a logistics company in India, has announced the development of a 45-ft temperature-controlled vehicle, in a move towards more sustainable transportation. This advanced vehicle, boasting a payload capacity of 22 tonnes, comes equipped with cutting-edge insulation, safety parameters, and predictive alerts. AVG Logistics’ customers are set to gain significantly from this development as […]
Allcargo Logistics, an India-based provider of multimodal logistics solutions and part of The Allcargo Group, has concluded the acquisition of a 30% stake in Gati-Kintetsu Express (GKEPL) for INR 406.71 crores. The acquisition involved the purchase of 1.50 lakh shares, with Allcargo’s subsidiary, Gati, already holding a 70 percent stake in GKEPL. GKEPL is a […]
French contract logistics and supply chain management company, ID Logistics, has successfully acquired 100% of Spedimex, a contract logistics firm in Poland, for an enterprise value of PLN 350 million (€77 million). The acquisition, which was initially announced in March 2023, further strengthens ID Logistics’ position in the Polish market. Founded in 1993, Spedimex has […]
ASRC Federal Holding Company has agreed to acquire the logistics and supply chain management arm of Science Applications International Corp. (SAIC) in an all-cash transaction valued at $350 million. SAIC is a government military contractor, while ASRC Federal is a subsidiary of Arctic Slope Regional Corporation. The acquisition complements ASRC Federal’s strategy to establish itself […]
ReTo Eco-Solutions said that its subsidiary Yangpu Fangyuyuan United Logistics will form a joint venture (JV) with Hainan Yonghuiju Technology, a Chinese agricultural products logistics company, to develop Internet of Things (IoT) and logistics business. Listed on Nasdaq, ReTo Eco-Solutions via its operating subsidiaries in China, manufactures and distributes eco-friendly construction materials made from mining […]
Australian Software company WiseTech Global has acquired Blume Global, a North American intermodal rail solutions provider, for $414 million. The transaction comes close on the heels of the acquisition of Envase Technologies by WiseTech. Blume Global manages intermodal containers and chassis on behalf of six of the 7 Class 1 US railroads, ocean carriers, and […]
WiseTech Global has acquired Blume Global, a California-based multimodal supply-chain orchestration software provider, for a consideration of $414 million. Blume Global has built a solution that facilitates intermodal rail across North America. The company is being bought from funds controlled by Apollo, EQT, and other minor shareholders, said WiseTech Global, which is an Australia-based company […]