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TRUCKING INDUSTRY WORLDWIDE * Mergers & Acquisitions
London,UK -Transport Intelligence -4 June 2008: -- Activity for the week of 26 May 2008
Strategic Buyers: Domestic Deals
5/30 - USA - Xpress Global Systems, Inc. has acquired Pinner Transportation, Inc. , a regional carrier based in the Southwest that specializes in floor covering logistics and less-than-truckload service. Terms were not disclosed.
Strategic Buyers: Foreign Deals
5/26 - Malaysia - Konsortium Logistik Bhd announced the acquisition of Asia Pacific Freight System Sdn Bhd for $1.9 million. Based in Malaysia, Asia Pacific Freight System provides freight services through air, sea, rail and road networks.
5/26 - France - Matériaux transports terrassement varois has acquired Transport Hesse. Terms were not disclosed.
5/27 - Holland - TNT Express Holdings B.V. has acquired Aircare Charters and Brokers Ltd for $2.2 million. Based in Kenya, Aircare Charters provides courier services.
5/28 - Dubai/UAE - DP World - UAE has acquired 25% of Chennai Container Terminal Private Limited, a provider of container terminal services based in Chennai, India. Terms were not disclosed.
5/29 - UK - Wincanton plc has acquired Product Support Limited for $59.3 million. Based in Kingswinford, UK, Product Support Limited provides outsourced handling services and packaging solutions.
* Canada - Mullen Buys Fluid, Oilfield Transport Firm
Okotoks,Alberta,Canada -Transport Topics -5 June 2008: -- Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million... The purchase includes Essential’s fluid hauling and oilfield transport business units, Mullen said in a statement... The fluid hauling business units operate under the name Cascade Services in northern Alberta and northeastern British Columbia provinces and as Jacar Energy Services in southern Alberta, Mullen said...
posted by Unknown @ 10:51 AM
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