Denmark’s DSV has agreed to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion) in a deal that would make it the world’s biggest logistics...
UPS to buy Germany-based healthcare logistics firm Frigo-Trans
UPS said on Tuesday it would acquire Germany-based healthcare logistics firm Frigo-Trans for an undisclosed amount to boost its healthcare cold-chain facilities in Europe. Frigo-Trans network includes temperature...
UPS announces sale of Coyote Logistics unit to RXO for $1 billion
United Parcel Service, the world’s biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for $1.025 billion, the companies said on Sunday. The transaction will be funded with a mix of...
Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO plan
Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business in Hong Kong. In...
EU clears acquisition of Bollore logistics by CMA CGM, subject to conditions
The EU Commission on Friday said it had cleared the acquisition of the logistics operations of conglomerate Bollore by shipping group CMA CGM(CMACG.UL), subject to a number of conditions proposed by the companies. The...
Brazil logistics firm Sequoia to merge with peer MOVE3
Brazilian logistics firm Sequoia Logistica has signed a preliminary agreement with shareholders of peer Grupo MOVE3 for a merger of the companies, it said in a securities filing. Under the stock deal, Sequoia would...
Canadian logistics firm TFI International to buy Daseke in $1.1 bln deal
Canadian logistics company TFI International said it would buy Daseke, an operator of flatbed and specialized trailers, in a $1.1 billion deal, including debt, to scale up its truckload business. TFI agreed to pay $8.30...
SoftBank likely to sell stake worth $150 million in Delhivery: Report
Multinational investment holding firm, SoftBank, is likely to sell a stake worth $150 million in logistics firm Delhivery via a fresh block deal, Moneycontrol reported on Thursday citing sources. The Japanese...
Adani Logistics acquires 50% shares of Veracity Supply Chain Ltd
Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL). VSCPL, which was incorporated on Tuesday, has an authorised and paid-up share capital of Rs 10,00,000...
Pakistani ecommerce logistics startup Rider looking to acquire BlueEx
Pakistani ecommerce logistics startup Rider, backed by YCombinator, is looking into acquiring BlueEx the only listed Express Courier Logistics Company in Pakistan, it told Reuters on Thursday. Venture funding in...
KKR to buy majority stake in Leap India in Asia infra push
KKR & Co. on Wednesday said it has agreed to buy a majority stake in logistics solutions company Leap India, a move that will deepen the US private equity firm’s presence in Asia’s infrastructure space. The...
Carlyle to sell its entire 2.53% stake in logistics firm Delhivery
Private equity firm Carlyle will sell its entire 2.53 per cent stake in Gurugram-based logistics firm Delhivery via its special purpose vehicle CA Swift Investments, according to a report by news agency Reuters. Carlyle...
