DSV acquires Agility for 3.5 billion euros
Project logisticsDSV 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
Rhenus acquires Arkon Shipping & Projects
Project logisticsThe 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
SF Holding acquires majority stake in Kerry Logistics
Project logisticsChinese logistics giant SF Holding has made an offer for almost 52% of the shares in Kerry Logistics. Earlier this week, the financial press in China reported that SF was eying a stake in the...Read more
Dutch-Belgian offshore consortium keeps Royal IHC from Chinese hands
EquipmentThe owners of Van Oord, Boskalis, DEME and Huisman Equipment have teamed up with the Dutch government to keep shipyard Royal IHC from falling into Chinese hands. The Dutch shipyard and its expertise in complex...Read more
Mammoet loses ALE brand following takeover
Heavy-liftingMammoet 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
Bourbon receives four takeover offers, extends deadline
Oil&GasBourbon Corporation has received four takeover offers since the holding company suspended its listing and started a reorganization procedure to deal with its severe financial problems. The Commercial Court in France has now extended the...Read more
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
Family-owned Aertssen Group buys ADM Team Heavy Weight
Heavy transportThe Belgian family-owned transport company Aertssen Group has taken over the activities from ADM Team Heavy Weight, another Belgian transport company specialized in exceptional and heavy loads. With the takeover, Aertssen gains control of a...Read more