Topic: Takeover

DSV acquires Agility for 3.5 billion euros

DSV has acquired the Kuwaiti freight forwarder Agility Global Integrated Logistics (GIL) for 3.5 billion euros. The takeover comes as a surprise. It was expected that DSV would press the pause button on major acquisitions...Read more
|Comment|author: Tobias Pieffers

Rhenus acquires Arkon Shipping & Projects

The Rhenus Group, through its shortsea subsidiary Rhenus Maritime Services (RMS), has bought a majority stake of 60% in the Hamburg-based shipbroker Arkon Shipping & Projects. The shares were purchased from Arkon Shipping. Read more
|Comment|author: Tobias Pieffers

Mammoet loses ALE brand following takeover

Mammoet has dropped the name ALE Heavy Lift following its takeover of the third-largest heavy lift company in the world. Effective January 8th, the business will be completely incorporated and operate under the Mammoet brand. Over...Read more
|Comment|author: Tobias Pieffers

Maersk family buys into wind industry

A.P. Møller Holding will acquire the Danish KK Group which, through its subsidiary KK Wind Solutions, is a leading systems supplier of wind power electronics. KK Wind Solutions works with all the large wind OEM’s...Read more
|Comment|author: Tobias Pieffers

Hyundai Heavy acquires Daewoo, employees furious

Shipbuilder Hyundai Heavy Industries has acquired its smaller rival Daewoo. Despite fierce opposition from employees, Hyundai and Daewoo’s major shareholder, the state-managed Korea Development Bank, signed a contract for the acquisition last week. If the...Read more
|Comment|author: Tobias Pieffers