Mergers & Acquisitions News

 

Adani Ports Acquires Marine Services Firm Ocean Sparkle

Apr 22, 2022

Adani Ports, the largest private ports and logistics company in India, said it has reached a deal to acquire a 100% stake in India’s largest third-party marine services provider Ocean Sparkle Ltd. (OSL).OSL, which provides towage, pilotage, and dredging services…

Konecranes, Cargotec Drop Merger Plans

Apr 07, 2022

Finnish engineering groups Konecranes and Cargotec decided on March 29 to cancel their planned merger after the United Kingdom Competition and Markets Authority (CMA) blocked the transaction, citing competition issues.The British watchdog decided to block the potential 4…

CMA CGM to Buy Auto Logistics Firm Gefco

Apr 01, 2022

Shipping group CMA CGM is set to buy auto transport company Gefco, French paper Les Echos reported on Friday, citing sources close to the matter.CMA CGM declined to comment.Gefco, in which French-Italian carmaker Stellantis holds a 25% stake…

North P&I and Standard Club Plan to Merge

Mar 14, 2022

North P&I and Standard Club revealed they have entered formal discussions for a proposed merger to create a new global marine insurer and one of the largest providers of mutual cover in the maritime industries. The combined mutual insurer would provide cover for vessels equivalent to 400 million GT…

Cargotec, Konecranes Win EU Antitrust Approval for $5 Billion Merger

Feb 24, 2022

Cargotec and Konecranes on Thursday won EU antitrust clearance for their 4.5-billion-euro ($5 billion) deal to create a global leader in industrial machinery after agreeing to divest some businesses.The companies, which provide road and sea-cargo handling machinery and services to industries…

A New Onassis? Italy's Sea Captain Swoops on Reborn Alitalia

Feb 14, 2022

Sixty-five years after Aristotle Onassis founded Greece's Olympic Airways, another shipping entrepreneur is planning to take to the skies - this time in Italy, where Gianluigi Aponte's MSC has its sights on the successor company to Alitalia…

CMA CGM to Buy Majority Stake in Delivery Firm Colis Prive

Jan 31, 2022

French shipping giant CMA CGM said it had struck a preliminary agreement to acquire a majority stake in French delivery firm Colis Prive, as it continues to build up its logistics business.CMA CGM is to buy 51% of Colis Prive from current owner…

Navtor to Acquire Ingenium Marine

Jan 04, 2022

Navtor has inked a deal to acquire Ingenium Marine, a transaction subject to execution of definitive agreements. Once completed, Ingenium will become a fully integrated Navtor company and continue to operate from Mumbai, India, and Navtor will…

Shipping Giants Will Plot Course for Landbound M&A

Dec 22, 2021

Shipping giants are heading for port, but not in the traditional sense. Companies like Denmark’s A.P. Moller-Maersk and Germany’s Hapag-Lloyd are riding a record valuation wave thanks to a year of sky-high container rates. Gobbling up land-based…

Maersk to Buy LF Logistics for $3.6B

Dec 22, 2021

Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business.The deal is one of the group's largest takeovers to date…

Scana Merges with PSW Group

Dec 15, 2021

Norwegian equipment and service supplier Scana ASA said it is merging with Bergen-based PSW Group, a player in electrification and shore power as well as a major supplier of products and services to the offshore and maritime industries. Together…

Danelec Marine acquires KYMA

Dec 10, 2021

Danelec Marine A/S signed an agreement to acquire KYMA A.S., the Norway-based specialist in digital ship performance monitoring. The combined company will be a sizeable data collection solutions provider to the maritime industry with more than 10…

CMA CGM Buys Part of Ingram Micro in $3 Billion Deal

Dec 08, 2021

France's CMA CGM said it had agreed to buy most of Ingram Micro's Commerce & Lifecycle Services (CLS) activities in a deal valued at $3 billion, adding this was aimed at accelerating the shipping group's push into end-to-end logistics.CMA CGM…

China Forms New State-owned China Logistics Group

Dec 06, 2021

China formally established a new state-owned logistics group on Monday, state broadcaster CCTV reported on Monday, to strengthen domestic and global supply chains amid widespread disruptions caused by the pandemic.China Logistics Group aimed…

Ocean Infinity Acquires Red Rock

Oct 12, 2021

Marine robotics company Ocean Infinity announced it has acquired Red Rock, a technology company with solutions that will enable autonomous port operations, an enabler for future uncrewed shipping.Red Rock is developing digital and autonomous…

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