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TRANSPORT & LOGISTICS, Mergers & Acquisitions * WORLDWIDE
Strategic Buyers - International Deals
* Ras Al Khaimah/United Arab Emirates - 2 Dec: RAK Investment Authority has acquired the remaining 49.0% of Poti Seaport Ltd. for $65.0 million. Poti operates the port in Poti, Georgia.
* The Netherlands - 2 Dec: Wezenberg Groep has acquired Doorenbos Transport B.V... Dorrenbus provides liquid bulk transportation services from its base in Zwolle, Netherlands. Dorrenbus had TTM revenue of $15.0 million. Terms were not disclosed.
US Domestic Deals
* France - 2 Dec: Geodis SA announced the pending acquisition of IBM's internal global logistics operations ("IGLO"). IGLO provides logistics services for asset recovery, service parts, hardware and software. Terms were not disclosed.
* USA - 4 Dec: Celadon Group Inc. has acquired Continental Express Inc. for $24.0 million. Continental provides road and rail transportation services from its base in Little Rock, AR. Continental had TTM revenue of $103.4 million.
Financial Buyers
* Canada - 3 Dec: TriWest Capital Partners has acquired a majority stake in The Gardewine Group of Companies. Based in Winnipeg, Canada, Gardewine transports general and perishable van freight as well as flatbed freight. Gardewine had TTM revenue of $73.2 million. Terms were not disclosed.
posted by Unknown @ 12:06 PM
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