All Mergers and acquisitions articles – Page 28
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Wilhelmsen and Wallenius rejig partnership
September 5 - By the first quarter of 2017, Wilh. Wilhelmsen Holding ASA and Wallenius Lines AB intend to establish a new ownership structure for their jointly owned investments and majority of ships.
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SBP Holdings shuffles the pack
SBP Holdings, including its Singer Equities and Bishop Lifting Products business units, have made a number of managerial changes.
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GAC in big management shuffle
September 1 - The GAC Group has revealed a swathe of management changes and transfers.
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Mallory Alexander names admin chief
August 31 - Robert E. Mallory has been appointed chief administrative officer of Mallory Alexander International Logistics.
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Rickmers releases half-year report
August 31 - The Rickmers Group has issued its 2016 half-year report, which confirms consolidated revenues of EUR249.3 million (USD277.6 million) - a 13.9 percent decrease compared with the same period of 2015.
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Alliance and acquisition for Ritchie Bros
August 30 - Ritchie Bros has entered into a strategic alliance agreement with equipment manufacturer Caterpillar, and reached an agreement to acquire online marketplace IronPlanet.
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Rickmers cancels ship management merger
August 26 - Rickmers Holding and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities for the time being.
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More mergers and acquisitions says Drewry
August 19 - Poor first half results in container shipping in the first half make it more likely that more merger activity can be expected, says London's Drewry Maritime Research.
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All change at Dachser Air & Sea Logistics
August 18 - Effective January 1, 2016, Jochen Müller will join the Dachser management team and will take over from Thomas Reuter as chief operations officer of the company's Air & Sea Logistics business on January 1, 2018
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Intermarine adds chartering manager
August 16 - Intermarine has named Samir Ferguen as chartering manager - Europe.
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Crowley names strategy VP
August 16 - Crowley Maritime Corporation has promoted Eric Evans to vice president of strategy, a newly-created position that will focus on facilitating long-term growth through external business partnerships, including mergers and acquisitions.
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Palfinger ends TTS takeover
August 15 - The Austrian company Palfinger Marine has terminated its attempt to acquire all the shares in Norway, Bergen-based TTS Group.
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DSV USA completes UTi merger
August 12 - DSV Air & Sea in the USA has completed the office and IT integration of the former UTi freight forwarding division.
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'Disappointing' start for Hapag-Lloyd
August 10 - Subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates have marked the first half of the 2016 business year for German shipping company Hapag-Lloy
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Thumbs up for Konecranes
August 9 - Konecranes has received approval from the European Commission (EC) and the US Department of Justice (USDOJ) for its pending acquisition of Terex's material handling and port solutions (MHPS) business.
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Atlas posts profit drop
August 4 - Atlas Air Worldwide Holdings has recorded an income from continuing operations of USD20.9 million in the second quarter of 2016, compared with USD28.4 million for the three months ended June 30, 2015.
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Omni Specialized now in operation
July 27 - In the USA, Omni Holdings has announced that its Omni Specialized subsidiary is now in full operation after it acquired the flatbed assets of Tennant Truck Lines.
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Two up at Chi Deh
July 22 - Taiwanese crane contractor Chi Deh has added two new Liebherr LTM 1300-6.2 mobile cranes to its fleet.
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Hapag-UASC merger agreed
July 18 - Hapag-Lloyd and United Arab Shipping Company (UASC) have concluded a business combination agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals.
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Silk Way orders AN-124
July 15 - Ilyushin Finance Company (IFC) says it has signed an agreement with Silk Way Airlines, which will see the Baku, Azerbaijan based airline take delivery of an AN-124-100 freighter.