Ransa, the leading third-party logistics (3PL) player in Latin America, has acquired Loginsa, a Chilean 3PL company specialized in cold and dry storage, distribution, and customized logistics. The deal, backed by H.I.G. Capital, a global alternative investment firm, strengthens Ransa’s footprint across the entire Pacific Coast of Latin America, spanning 12 countries from Mexico to…
Tag: logistics
CMA CGM acquires Bolloré Logistics for 4.85 billion euros
PARIS: CMA CGM, a global leader in maritime transport, announced today that it has completed the purchase of Bolloré Logistics, a leading transport and logistics company in France and worldwide. The deal, worth 4.85 billion euros, is based on the estimated debt and cash on the closing date. It also includes the transfer of Bolloré…
GXO makes £762 million cash offer for Wincanton
LONDON: GXO Logistics, Inc. (“GXO”) has announced a cash offer for Wincanton Plc (“Wincanton”), a leading UK provider of supply chain solutions, valuing the company at £762 million. Wincanton shareholders will receive 605 pence in cash for each share they hold, a 26 per cent. premium over the final offer from CEVA, a rival bidder,…
Axis Global Logistics appoints Jason Bergman as new CEO
Axis Global Logistics, a leading provider of mission-critical supply chain management solutions and end-to-end services, announced the appointment of Jason Bergman as its new CEO. Bergman will oversee the strategic direction and growth of the company, which serves marquee clients in the luxury retail, aviation, life sciences, professional services and other high-touch, high-demand end markets…
Aldar and Carlyle join forces to invest in European logistics and self-storage assets
Abu Dhabi, UAE: Aldar Properties, the UAE’s leading real estate developer, investor, and manager, has announced a strategic partnership with Carlyle (NASDAQ: CG), a global investment firm, to invest in logistics and self-storage assets in Europe. The partnership is part of Aldar’s international expansion plan, which aims to diversify its portfolio and tap into high-growth…
Generix Group acquires 100% of Generix Group Portugal
PARIS, FRANCE: Generix Group, Industrial, Logistics and Retail Ecosystems provider with leading Collaborative SaaS Solutions, announced that it has acquired 100% of its subsidiary Generix Group Portugal. On March 31, 2022, Generix Group acquired the 50% stake in its subsidiary Generix Group Portugal that was previously held mainly by the founding manager, thus increasing the…
Mutares SE & Co acquires Frigoscandia AB
OSLO, NORWAY: The Posten-owned company Frigoscandia AB (formerly Bring Frigo AB) in Sweden is sold to the Germany based investment company Mutares. Posten Norge AS and Mutares signed an agreement yesterday regarding the sale of the shares in Frigoscandia AB to Mutares. The sale is subject to approval by the Swedish Competition Authority. Frigoscandia AB…
Aramex plans diversification, expansion to remain resilient
ABU DHABI, UAE: Aramex, the Emirati multinational logistics company, plans further diversification and strengthen its global network to be resilient to deal with the challenges, such as supply chain disruptions. Othman Aljeda, Group Chief Executive Officer, Aramex, said: “Over the last few months, we have witnessed an almost complete return to pre-Covid operating environment and…
TPL Group’s Rider raises $2.3 million in seed funding round
KARACHI, PAKISTAN: TPL Group backed Rider, a tech-led last mile delivery partner for e-commerce retailers, has raised $2.3 million in a seed round led by venture capital (VC) firm Global Founders Capital, Fatima Gobi Ventures and Asian Development Bank. TPL E-Ventures and Transhold also participated. The Karachi-based B2B2C service was launched in 2019 by Salman…
Hexagon Agility receives orders from UPS for CNG trucks
OSLO: Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in October 2019 with UPS, the world’s largest package delivery company, to supply compressed natural gas (CNG) and renewable natural gas (RNG) fuel systems for medium and heavy-duty trucks as well as terminal tractors, a news release said. Hexagon Agility has received…
Clipper Logistics plc
Clipper Logistics plc is a retail logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. It has 47 sites across Europe. Clipper has been a sponsor of Leeds United football club since 2017. Type: Public Limited Company Traded as: LSE: CLG, FTSE…
Wincanton secures significant additional contract with Morrisons
LONDON: Wincanton plc, the largest British third-party logistics company, has successfully extended its relationship with Morrison Supermarkets PLC. Morrisons has awarded Wincanton the management of their transport and VMU operations at Willow Green, Bridgwater, which will commence later this year. This substantial contract extension will involve the TUPE transfer of over 250 colleagues from the…