The transport and logistics sector is set for a flurry of mergers and acquisitions this year, according to advisory firm KPMG, following a year of subdued activity in 2011. Steffen Wagner, European head of transport transactions at KPMG, says: “This year certainly took off to a promising start. Many companies, particularly in the logistics segment, are sitting on full coffers and are ready for increased strategic acquisitions.” He adds that any activity will rely on three main factors: GDP development […]
Deben Transport was unable to save itself despite taking cost-cutting measures leaving it with no choice but to cease trading, as revealed by Motortransport.co.uk on Monday, its administrator has said.
Bedfords Group has returned to the acquisition trail with the purchase of RPL Transport.
Durite, the UK’s leading brand in Vehicle Safety, Lighting and Auto Electrical parts for commercial vehicles and general automotive aftermarket, has been acquired by Safe Fleet, a global leader in fleet safety solutions headquartered in Belton, Missouri, USA.