China’s SF Holdings is reportedly in talks to acquire Kerry Logistics Networks, according to a Reuters report.
Referencing sources close to the matter, Reuters said that a deal proposal could be announced in the coming week.
Shares of Kerry Logistics rose approximately 25 percent on Thursday last week, giving the company a market cap of USD5.44 billion.
German shipping company Hapag-Lloyd has signed a binding agreement to acquire SAAM Ports and SAAM Logistics, as well as real estate assets related to the logistics business.
USA-based under-the-jib equipment specialist Bishop Lifting Products has acquired Westech Rigging Supply, which has locations in Eugene and Salem, Oregon.
The Swain Group, one of the UK’s largest general haulage and specialist transport companies, has acquired Proctors Transport (Langar) and W.Coy & Son. Both companies are based in Nottingham and are involved in building sector distribution and agricultural machinery transport.
GAC Group has acquired Finland-based ESL Shipping’s Swedish ship agency subsidiary Norra Skeppningsgruppen (NSG).
Charles Lams has been appointed managing director of Bolloré Logistics Argentina and Uruguay.
Freight forwarder DB Schenker is planning to restructure in order to “simplify” and “reduce administration costs”, according to HLPFI’s sister publication DVZ.
