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TRANSPORT & LOGISTICS, Mergers & Acquisitions * WORLDWIDE
Strategic Buyers - International Deals
* Finland -2 March: Containerships Ltd Oy announced the acquisition of Contaz Maritime Transport and Trade S.A. Contaz provides marine transportation and freight forwarding services from its base in Istanbul, Turkey. Terms were not disclosed.
* Singapore -5 March: Lewek Ruby Shipping Pte Ltd. announced the acquisition of Admiralty Marine Services Pty Ltd. for $191,000. Admiralty provides marine and ship management services from its base in South Perth, Australia.
* Canada - 5 March: Cargojet Airways Ltd. announced the pending acquisition of the remaining 49.0% of Prince Edward Air Ltd. ("PEA"). Based in Charlottetown, Canada, PEA provides air transportation of passengers and cargo. Terms were not disclosed.
* Malaysia -6 March: Century Logistics Sdn. Bhd. announced the acquisition of Century Logistics (Singapore) Pte. Ltd. Century (Singapore) provides freight forwarding services from its location at the Changi Airport. Terms were not disclosed.
* Switzerland - 9 March: Kuehne & Nagel International AG announced the pending acquisition of J. Martens Holding AS. Based in Bergen, Norway, J. Martens provides shipping, freight forwarding and logistics services. Terms were not disclosed.
* Malaysia - 10 March: Green Land Garden Trading (M) Sdn Bhd announced the pending acquisition of 43.0% of Boustead Bulking Sdn Bhd for $233,000. Based in Pelabuhan Klang, Malaysia, Boustead provides bulking facilities for edible oil.
* Canada - 11 March: Descartes Systems Group announced the acquisition of Scancode Systems Inc. for $6.6 million. Based in Toronto, Scancode provides carrier-compliant parcel and LTL shipping solutions.
Financial Buyers
* U.S. Virgin Islands - 4 March: St. Albans Global Management, LLLP announced the acquisition of an additional 8.5% of World Point Terminals Inc. for $12.5 million resulting in a total ownership of 46.0%. Based in Montreal, Canada, World Point owns and operates liquid bulk storage and terminal facilities located in N. America and the Bahamas.
* Greece - 14 March: Marfin Investment Group Holdings S.A. announced the pending acquisition of the ground handling business of Olympic Airways for $57.8 million.
posted by Unknown @ 5:59 AM
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