All Mergers and acquisitions articles – Page 26
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Hapag-Lloyd and UASC move merger date
March 17 - Hapag-Lloyd and UASC have mutually agreed to shift the date of their Business Combination Agreement (BCA) until May 31, 2017 having originally envisaged the transaction would close by March 31, 2017.
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Wood Group buys Amec Foster Wheeler
March 15 - UK-headquartered energy services company Wood Group is set to acquire Amec Foster Wheeler - a UK-based consultancy and project management company - in an all-share takeover deal worth approximately GBP2.2 billion (USD2.7 billion).
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Ocean7 Projects merge with Ikonship
March 13 - Effective April 1, two Danish shipping companies, Ocean7 Projects and Ikonship, will merge their activities under the Ocean7 Projects banner.
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Faymonville acquires Cometto
March 8 - Luxembourg headquartered trailer manufacturer Faymonville has reached an agreement to purchase 100 percent of the shares in Italian trailer manufacturer Industrie Cometto.
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AMI buys into Manica
March 6 - AMI International of Mauritius has acquired the Bidvest Group's shareholding in Manica Holdings of South Africa.
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GPA and VPA file agreement
February 27 - The Georgia Ports Authority (GPA) and the Virginia Port Authority (VPA) have filed the East Coast Gateway Terminal Agreement with the Federal Maritime Commission (FMC).
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Erring on the side of caution
February 24 - Speaking at a recent Journal of Commerce webinar this week, Susan Oatway, associate director of Drewry Maritime Research, outlined some of the challenges, which still face the multipurpose and heavy lift shipping sector.
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MOL Logistics' plan to expand
February 24 - MOL Logistics has submitted an application with the Indian government to establish a subsidiary in India.
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DSV's fourth quarter high
February 13 - DSV has reported a net revenue increase of 39.8 percent in the fourth quarter of 2016, amounting to DKK17.6 billion (USD2.5 billion), which DSV claims is largely due to the acquisition of UTi Worldwide.
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Jaromin adds another Terex
February 9 - Auto-Krandienst Jaromin, a crane rental company based in Oberhausen, Germany, has expanded its fleet with the acquisition of a Terex Explorer 5500 all terrain crane.
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Maersk's finances fall
February 9 - A.P. Møller-Mærsk's annual report for 2016 reveals a net loss of USD1.9 billion compared to a USD925 million profit in 2015.
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An ACE deal for OIA
February 2 - OIA Global has acquired American Cargo Express (ACE), which it believes will help expand its North American logistics and supply chain services.
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Industry prepares for widespread consolidation
Consolidation was the word on everybody's lips at the Breakbulk Americas 2016 exhibition held from September 26-29 in Houston, USA. Annie Roberts reports from the show.
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Rumours fuel OOCL share price rise
January 13 - The share price of Orient Overseas International (OOIL), the parent company of shipping line Orient Overseas Container Line (OOCL), has jumped more than 25 percent since the end of 2016, reaching a 52-week high of HKD39.70 (USD5.12) on Wednes
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Done deal for Konecranes and Terex
January 5 - Konecranes has completed the acquisition of Terex's material handling and port solutions (MHPS) business.
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Wilhelmsen and Wallenius sign reshuffle agreement
December 23 - Wilh. Wilhelmsen Holding and Wallenius Lines have signed an agreement leading to a new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, Eukor Car Carriers and American Roll-On Roll-Off Carrier.
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Genesee & Wyoming buys Pentalver
December 15 - APM Terminals has reached an agreement to sell UK based container-related services provider Pentalver to US based railroad operator Genesee & Wyoming.
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New MD at Broekman
December 12 - Broekman Logistics has appointed Willem Jan van Amersfoort to take over from Jacques Klein Kramer as managing director, warehousing and distribution.
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Chinese shipping line rebrands
December 8 - Heavy lift and project cargo shipping line, Cosco Shipping Company Limited (Coscol) has officially changed its name to Cosco Shipping Specialized Carriers Co Ltd, during a ceremony attended by more than 200 people.
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Report shows consolidation impact
December 7 - A recent report by VesselsValue gives a clear indication of the impact that container line consolidation is having on the total box ship fleet.