All Mergers and acquisitions articles – Page 10
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Antwerp forwarders team up
Aneka and Edmond Van Dyck & Sons, two Antwerp-based freight forwarders, are merging their operations to create Steelduxx, a new entity that will be fully operational in 2020.
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First joint shipment for DSV Panalpina
Last week, DSV Panalpina delivered thrust reverser engine parts from Huntsville, USA to Luxembourg – the first shipment handled by the new organisation’s combined network.
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PSA acquires Penn Terminals
PSA International has acquired Penn Terminals, located on the Delaware River in the USA, from Macquarie Infrastructure Partners.
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SeaRenergy acquires Elbe-1
Hamburg-based offshore service provider SeaRenergy has acquired Elbe-1, an engineering company that offers consultancy services for the design, certification and approval of offshore wind projects.
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DSV completes Panalpina acquisition
DSV has completed the acquisition of Swiss freight forwarder Panalpina, creating one of the world’s largest transport and logistics companies.
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Panalpina approves DSV’s board nominations
Panalpina has approved the appointment of Kurt K. Larsen, Thomas Plenborg, Jens Bjørn Andersen and Jens H. Lund to its board of directors at its extraordinary general meeting.
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Tadano completes Demag takeover
Tadano has completed the USD215 million acquisition of the Demag mobile crane business unit.
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Boskalis completes sale of Kotug Smit
Royal Boskalis Westminster, together with its co-shareholder Kotug International, completed the sale of Kotug Smit Towage to Boluda Group.
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MIQ to rebrand as Noatum Logistics
MIQ Logistics will be rebranded as Noatum Logistics, as the companies progress with the post-takeover transition.
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Mammoet to acquire ALE
Mammoet has confirmed that it has signed an agreement to acquire UK-based competitor ALE.
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Bishop takes AWRS
Rigging gear and under-the-jib equipment specialist Bishop Lifting Products has completed the acquisition of American Wire Rope & Sling (AWRS), a leading provider of rigging, lifting and overhead crane solutions.
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MacGregor moves forward with TTS acquisition
MacGregor’s acquisition of the marine and offshore businesses of TTS Group has received clearance from the Chinese competition authorities.
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Buss Group in SSC takeover
Buss Group has acquired SSC Wind – a technical services provider to the wind energy sector.
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Mammoet in advanced acquisition talks with ALE
Mammoet has confirmed that it is in advanced discussions with ALE regarding a purchase agreement, under which Mammoet will acquire the UK-headquartered heavy lift and specialist transport provider.
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Chinese terminals merge
Cosco Shipping Ports has entered into a merger agreement with Tianjin Port Holdings and China Merchants International Terminals, according to media reports.
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DP World acquires Topaz
Port terminal operator DP World has entered the oilfield services sector having acquired Topaz Energy and Marine in a deal valued at nearly USD1.1 billion.
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Consortium buys Euroports
A consortium consisting of R-Logitech (a subsidiary of Monaco Resources Group), as well as Belgian investment firms PMV and FPIM, has acquired port operator Euroports Holdings.
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DSV extends offer period for Panalpina
DSV has extended its main offer period for the CHF4.6 billion (USD4.6 billion) acquisition of Panalpina by 15 days.
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Aqualis completes Braemar acquisition
Aqualis has completed the acquisition of the offshore, adjusting and marine business lines of Braemar Shipping Services.
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Avia Solutions buys Chapman Freeborn Group
Avia Solutions Group has agreed to acquire 100 percent of the shareholding in UK-headquartered Chapman Freeborn Group.