Snowman Logistics has launched fifth-party logistics (5PL) services in the cold chain logistics and supply chain management sector in India following the rise in international trade and e-commerce activities. In addition to current third-party logistics (3PL) services of transportation and warehousing, the cold chain logistics company will now offer distribution and consolidation services, including sourcing […]
Hapag-Lloyd, a German container liner-shipping company, has agreed to acquire a stake of 49% in Spinelli Group, an Italian logistics group, for an undisclosed price. The stake will be acquired from existing shareholders of Spinelli Group. The remaining 51% stake in the Italian logistics company will be held by the Spinelli family. In business in […]
Amazon acquisition of Cloostermans : Online retailing giant Amazon is acquiring Belgium-based mechatronics company Cloostermans to expand the deployment of robotics for warehouse automation. The financial terms of the deal were not revealed. The acquisition is expected to help the retailer in stepping up the usage of customized technology to innovate the workplace and make […]
H.I.G. Capital said that one of its affiliates has purchased a majority stake in Berardi Bullonerie, an Italian distributor of fasteners and supplier of integrated logistics services, for an undisclosed price. Established in 1919, Berardi Bullonerie has 14 warehouses in Italy in addition to commercial offices in Croatia and Morocco. Raffaele Legnani — H.I.G. Capital […]
A.P. Moller – Maersk (Maersk) said that it has joined forces with Ispahani Summit Alliance Terminals Limited (ISATL) for the construction of a 200,000sft custom bonded warehouse in Chattogram, Bangladesh. ISATL is engaged in constructing and operating warehouses and container freight stations (CFS). The Bangladesh-based firm is operating four container freight stations within Chattogram and […]