Mergers & Acquisitions News

 

CMA CGM to Buy Bollore Logistics Unit for $5.5 Billion

May 08, 2023

French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday.CMA CGM granted the Bollore group an option to sell it the logistics business…

CMA CGM Offers $5.5 Billion for Bollore Logistics Unit

Apr 18, 2023

French shipping group CMA CGM is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday.For Bollore a deal would mean cutting ties with its biggest business while offering cash…

Enstructure Acquires Richardson Companies

Mar 20, 2023

U.S. marine terminal and logistics company Enstructure announced Monday that it has acquired Richardson Companies, a terminal and logistics company with primary operations in  Port Houston and the Port of Mobile.Richardson handles a diverse mix of breakbulk cargoes…

Wilhelmsen Completes Vopak Agencies Acquisition

Feb 22, 2023

Wilhelmsen Port Services has completed its acquisition of Vopak Agencies first announced in October 2022.Vopak Agencies, which has now become a Wilhelmsen group company, is a specialist within both hub services and port agency in the tanker…

ZeroNorth Acquires Bunker Supplier Software Provider BTS

Feb 21, 2023

Technology company ZeroNorth announced that it has acquired BTS PTE Ltd., a software platform for marine fuel suppliers, headquartered in Singapore.The deal will see ZeroNorth acquire BTS’s flagship suite of services - iBMS (Intelligent Bunker Management System)…

WSM, Affinity Shipping Team on Emission Reporting

Feb 07, 2023

Wilhelmsen Ship Management (WSM) and Affinity Shipping signed a Memorandum of Understanding (MOU) to establish an independent company that will provide compliance services related to the EU ETS (European Union Emission Trading System).When created…

Euronav Files Arbitration Request as Frontline Aims to Nix Merger

Jan 30, 2023

Euronav filed an application request for arbitration in relation to Frontline’s action to pursue the termination of the combination agreement of July 10, 2022.Following recent acquisitions of additional shares by Famatown Finance Limited (as disclosed on Euronav’s website)…

Hapag-Lloyd Acquires Stake in the Spinelli Group

Jan 12, 2023

German container liner Hapag-Lloyd on Thursday announced it has completed its acquisition of a minority stake in Italy-based logistics company the Spinelli Group as global shipping firms continue to expand their port presence amid prolonged supply chain disruption…

Maersk Completes Acquisition of Logistics Firm Martin Bencher

Jan 03, 2023

Danish shipping giant A.P. Moller - Maersk (Maersk) announced it has completed its $61 million acquisition of Danish project logistics company Martin Bencher Group.“With the addition of Martin Bencher, we are strengthening our ability to offer…

ONE Acquires Stakes in Three California Box Terminals

Dec 28, 2022

Japanese container shipping company Ocean Network Express (ONE) announced it has acquired controlling stakes in three California container terminals amid a push by many of the world's largest global shipping lines to expand their presence in the port infrastructure component of the logistics chain…

MSC Group Completes Purchase of Bolloré Africa Logistics

Dec 21, 2022

French conglomerate Bollore, run by the family of billionaire Vincent Bollore, said on Wednesday it had completed the sale of its Bolloré Africa Logistics arm to shipping company MSC Group.The Bolloré company added the transaction was on the basis of a 5…

HGK Shipping Acquires BeKa HGK GmbH

Dec 15, 2022

Inland waterway shipping company HGK Shipping acquired the remaining 60% of BeKa HGK GmbH as of December 14, 2022, a strategic decision that the company says 'significantly intensify its business activities on the Upper Rhine, Danube and Mosel rivers in its dry shipping division…

Brazilian Port Operator CLI Acquires Santos Terminal from Rumo

Nov 14, 2022

Brazilian port operator CLI concluded the payment of 1.4 billion reais ($263.43 million) on Monday to railway company Rumo SA for control of a grain terminal in Santos port, the company said.The deal is being funded by the acquisition of a 50% stake in CLI…

Bunker Suppliers Dan-Bunkering and Amoil Merge

Oct 28, 2022

Bunker fuel suppliers Dan-Bunkering and Amoil on Friday announced they will merge on January 1, 2023 under one combined brand, Dan-Bunkering.The move, which follows the recent merger between Dan-Bunkering and SABT in the spring of 2022, continues industry consolidation in the bunkering sector…

Wilhelmsen to Buy Vopak Agencies

Oct 13, 2022

Wilhelmsen Port Services has entered into an agreement with Vopak to acquire 100% of maritime services provider Vopak Agencies and 50% of Diize. 'Vopak Agencies and Diize are highly complementary and a perfect match for the global reach of Wilhelmsen Port Services’ maritime network of 2 200 ports…

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