Eastleigh, Hampshire-based Lambert Brothers has been acquired by Kinaxia Logistics, an investment company that also acquired Snetterton, Norfolk-based Foulger Transport last month. Lambert Brothers, which is a Palletline member, follows in the footstep of Bay Freight, William Kirk (2013) and NC Cammack & Sons (2013), as well as Foulger Transport, in being acquired by Kinaxia. Clive Watkins, MD at Lambert Brothers,who will continue in his role, said the message following the deal was that it was “business as usual”. “Kinaxia […]
Analysts have said the planned sale of DHL Express’s same-day domestic business will create another major player in the market to compete with CitySprint, and is unlikely to affect DHL’s profitability.
Norbert Dentressangle is to be acquired by US 3PL XPO Logistics for €3.24bn (£2.3bn) – in a deal that values ND at €2.17bn and incorporates €1.08bn of net debt – creating what both parties claim to be one of the top 10 logistics firms in the world.