Latest news from Heavy Lift & Project Forwarding International Magazine

UTi and DSV respond to acquisition rumours

December 4 - DSV and UTi Worldwide have responded to a Bloomberg article published yesterday, which reported that the two companies have been evaluating the possibility of entering into an agreement concerning DSV's acquisition of UTi.

Both companies confirmed that, although exploratory conversations regarding this matter had taken place, the talks never "progressed beyond a preliminary stage" and there are currently no discussions between UTi and DSV.

Bloomberg reports, however, maintain that the negotiations were called to a halt only after news broke of DSV's potential acquisition, which sent UTi's shares surging.

Heavy Lift | News

Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 493
Crosby acquires Gunnebo Industries thumbnail image

Crosby acquires Gunnebo Industries

May 24 - Lifting, rigging and material handling equipment supplier the Crosby Group has acquired Sweden-headquartered Gunnebo Industries from Nordic private equity firm Segulah.
Views: 578
Volumes rise with ABC thumbnail image

Volumes rise with ABC

May 24 - AirBridgeCargo Airlines (ABC) said that demand for its oversized and heavy cargoes transport services continued to grow in the first four months of 2019, with volumes up 3 percent year-on-year to more than 11,000 tonnes.
Views: 473

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