Tag: logistics company

DSV Panalpina buys Agility’s Global Integrated Logistics business for US$4.1b

Frank

WORLD – After the acquisition of Panalpina, a Swiss logistics company in August 2019, Denmark-based DSV Panalpina is now eyeing a larger acquisition of Agility Global Integrated Logistics (GIL) with a value of US$4.1 billion. GIL is part of Agility and one of the top freight forwarding and contract logistics providers (3PL). In 2020, the company generated  US$4 billion in revenue, mainly related to air & sea freight and a workforce of approximately 17,000 employees. Recently, DSV completed the integration of the company’s largest acquisition to date, Panalpina, and with the acquisition…

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Imperial Logistics in a deal to sell its South American shipping business for US$100m

Frank

SOUTH AFRICA – Africa and European-focused logistics provider Imperial Logistics, has moved further to realign its operations after announcing that it would sell its South American shipping business of more than 90 vessels to Hidrovias do Brasil for about US$100 million. The Johannesburg Stock Exchange-listed logistics provider has been transforming from a portfolio of regional businesses to an integrated end-to-end logistics and market access business focused on Africa. The aim of the restructuring was to leverage its scale, competitive advantages and capabilities in the health care, consumer, chemicals, automotive, industrial…

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German shipping company Hapag-Lloyd opens new office in Kenya

Frank

KENYA – Hapag-Lloyd AG, a German international shipping and container transportation company, has opened a new office in Kenya as it continues to grow in Africa. While the shipping giant’s main business will be managed from the port city of Mombasa, the company will also have an office in Nairobi, the country’s capital. Hapag-Lloyd mainly transports agricultural goods out of Kenya, especially tea, coffee, fruits, and textiles with imports primarily consisting of chemicals, foodstuffs and a wide range of goods made of plastic or rubber.The new office will be headed…

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Global logistics company CEVA Logistics acquires ASTI Group Morocco

Frank

MOROCCO – CEVA Logistics, a global logistics and supply chain company, has announced the acquisition of ASTI Group in Morocco, a move that is further helping CEVA Logisitics’ strategic expansion plan across the African continent. CEVA Logistics and ASTI have been long-term partners for more than two decades and have delivered a range of multi-modal services to customers across the North African country in that time. “The acquisition of ASTI further enhances our standing in the African market and shows our ambition for the continent as a whole.  We believe…

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