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Mergers, Acquisitions & Joint Ventures

2015-2017 Archives (Please contact us for access)

Bollore Logistics Acquires Global Solutions A/S in Denmark

Summary: January 30, 2018 – Bollore Logistics has taken a majority stake in the Danish freight forwarder Global Solutions A/S. Global Solutions A/S services include airfreight, seafreight and express business lines, particularly on the Europe-Asia axis as noted in the press release. The company has two offices: an office at Copenhagen airport, and its headquarters in Vejle. As a result, Bollore Logistics now has 165 sites in 22 countries with a combined headcount of 5,500 in Europe.

According to the CEO of Bollore Logistics, “This new location will enable us to better serve our key account customers in Denmark and more generally in Scandinavia. We will support Danish companies in their international development and logistics projects, particularly in Africa, the continent of the future with strong market opportunities, where we operate as the 1st integrated logistics network.”

LogisticsTI Take: The former SDV group rebranded as Bollore Logistics in late 2016 and is on an expansion plan to connect Europe to its Africa in terms of service offerings. In addition, the group’s CEO of Northern Europe commented in the announcement, “We are also aiming to strengthen our range of solutions and services for the Aid & Relief sector, which is strongly represented in Denmark.”


Rhenus Picks Up Brazilian company Pirâmide SeaAir

Summary: January 12, 2018 – According to the press release, Pirâmide SeaAir has been operating as a licenced customs clearance broker for over 20 years and has developed its own customs clearance software. As noted by Rhenus, “Brazil is a growth engine and generates about half the economic power in South America. We’re sure that Brazil will not only be important for exporting investment and consumer goods in future, but also become increasingly significant as a production site and regional center.”

LogisticsTI Take: The past few years saw Rhenus expand its reach in Asia. Now it is turning to the Latin American market where the largest economy, Brazil, appears to be emerging from a deep recession. Furthermore, the benefits of customized customs clearance software will prove beneficial and should help Rhenus clear goods in a more efficient and quicker manner. “Customs clearance for imports is a major focus of operations in Brazil. It often determines whether goods are handled smoothly in conjunction with the public authorities or not. As a result of the customs clearance expertise available at Pirâmide SeaAir, we’ll be able to offer our customers here special time benefits and value added in future,” said CEO of Rhenus Air & Ocean Europe & Americas.


bpost Acquires Leen Menkem

Summary: January 11, 2018 – Belgian post office, bpost, acquired food logistics specialist Leen Menkem. In addition to being a food logistics specialist, Leen Menkem provides last mile logistics, and handles the  entire logistics management for food chains and caterers.

LogisticsTI Take: The  food sector is a rapidly growing market in Belgium and the Netherlands combined with bpost expanding further into e-commerce, the Leen Menkem acquisition should prove a good one for both companies. According to De Standard, Leen Menkem is Hello Fresh’s logistics partner. As noted by Leen Menkem, ‘We came to the point where there was the realization that we could not expand the e-commerce independently. Bpost has capital available with which we can realize further growth. Bpost has the ambition to become a leading player in the Benelux for specialized logistics services. ‘


GEFCO Announces the Acquisition of GLT

Summary: January 11, 2018 – GEFCO acquired Spanish company GLT, a Europe-Morocco transport specialist. GLT was founded in 1998 and specializes in trade via the strait of Gibraltar, Algeciras and Tangiers, ensuring over 16,000 crossings per year, with its 75 trucks and 380 trailers. It’s business model includes one single management for the whole chain located in Oiartzun as well as proximity dispatch and fast maintenance centers in Tangiers and Algeciras.

LogisticsTI Take: According to the press release, the acquisition strengthens GEFCO’s presence within trade between Europe and Morocco particularly in the Automotive and Retail & Fashion industries. According to the Chairman of the Management Board of GEFCO Group, “With its fast-growing and dynamic industry, Morocco offers excellent prospects for our company. Some of our main customers in Automotive, Aeronautics, Retail & Industry are already investing heavily in the country to increase their production capacity, thereby generating the need for logistics support and reliable solutions. By capitalizing on GLT’s know-how, we will be in the best position to seize the opportunities offered by these fast-scaling businesses”.

 

 

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