All Mergers and acquisitions articles – Page 21
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Crane Worldwide buys Pacorini Forwarding
June 23 - In Italy, the Pacorini Group has concluded the sale of its subsidiary Pacorini Forwarding to CWL International, a company within the US-based Crane Worldwide Logistics Group, a global player operating in the freight forwarding business.
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ESTA director to step down
June 12 - Ton Klijn will serve as interim ESTA director following Søren Jansen's resignation at the end of June.
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Maxim completes Coast acquisition
June 12 - Maxim Crane Works has completed the acquisition of Coast Crane Company, an indirect subsidiary of Essex Rental Corp.
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Bugsier plays fair with merger
June 5 - Fairplay Towage and Bugsier have announced their intention to merge their respective business activities in order to expand and strengthen their presence in Germany and Europe.
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IronPlant joins the Ritchie family
June 1 - Heavy equipment auctioneer Ritchie Bros has acquired IronPlanet, an online marketplace for heavy equipment and other durable assets.
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Hapag-Lloyd and UASC complete merger
May 24 - Hapag-Lloyd and United Arab Shipping Company (UASC) have completed the merger between the two liner shipping companies.
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Mammoet expands in USA with acquisition
May 12 - Mammoet has acquired USA-based George Young Company, which specialises in rigging, machinery installation and heavy hauling.
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Kerry goes for gold in Italy
May 9 - Kerry Logistics Network has agreed to acquire the majority stake of the Tuvia Group's subsidiary, Tuvia Italia SpA, as part of the former's ongoing expansion in Europe.
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Maxim eyes up Coast acquisition
May 8 - Maxim Crane Works and Essex Rental Corp have entered into a stock purchase agreement, in which Maxim will acquire Coast Crane Company, an indirect wholly-owned subsidiary of Essex.
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OL eyes project growth with Orion acquisition
May 5 - OL International has acquired Orion Marine - a project steamship agent specialising in delivering project, oversized and hazardous cargo.
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Rickmers reports loss ahead of restructuring
May 4 - Rickmers Group reported a year-on-year revenue decrease of 17.7 percent for 2016, falling to EUR483.3 million (USD527.6 million) from EUR587 million (USD640.8 million) in 2015.
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Panalpina takes a stake in Carelog
May 3 - Panalpina World Transport has acquired a majority stake in Carelog Freight Service, a Danish freight forwarding and logistics company.
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Daseke builds open-deck trucking group
May 3 - Daseke Inc, one of the largest owners of open-deck transportation equipment in North America, is merging with fellow open-deck truck operators The Schilli Cos and Big Freight Systems Inc.
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Maersk's acquisition approved
May 3 - The sale and purchase agreement for Maersk Line's acquisition of Hamburg Süd has been approved by the boards of Maersk Line and the Oetker Group.
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Strong start for DSV
May 2 - DSV has reported a net revenue of DKK18.2 billion (USD2.7 billion) for the first quarter of 2017, in comparison to DKK15.3 billion (USD2.2 billion) for the corresponding period of 2016.
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Herfurth takes two
April 25 - Herfurth Logistics, part of the Herfurth Group, has acquired the Netherlands-based companies M-Star Freight Services and Falconex.
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China Merchants completes Sinotrans merger
April 24 - China Merchants Group, the state-owned conglomerate completed a strategic reorganisation, which results in and Sinotrans & CSC becoming a wholly-owned subsidiary of the former.
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Liebherr expands in Buenos Aires
April 12 - Liebherr-Argentina, a subsidiary of Liebherr, has opened a 314 sq m office in Buenos Aires, expanding the group's activities in Argentina and Uruguay, primarily in the areas of mining, mobile cranes, and port and harbour cranes.
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WaterFront expands
April 7 - Global ship agency WaterFront Maritime Services (WaterFront) has expanded by adding five new network partners across North and South America as well as the UK, in a move that provide it with a further 57 offices and access to more than 400 staff
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Weak year for Grieg shipping arm
April 7 - In 2016, Grieg Star recorded a loss of NOK64 million (USD7.4 million), against a net deficit of NOK476 million (USD55.3 million) in 2015, says its parent company, Grieg Group.