Medical 3pl giant Movianto is to be sold by parent company Celesio to US firm Owens & Minor for €130m. Celesio says it wants to divest of logistics arm Movianto, which has been part of the German-based company since 2004, to concentrate on its core sectors of pharmaceutical wholesaling and pharmacies, which accounts for 95% of the group’s business. It adds that the divestment will happen more swiftly than originally planned due to “the buyer’s reputation for quality and integrity”. […]
Yusen Logistics said a series of new business wins and a client base in recession proof markets will help it boost turnover by £20 million year-on-year in the UK.
Kuehne+Nagel’s decision to sell a major part of its UK business last year resulted in a 9.3% fall in turnover in its international contract logistics division in the first quarter of 2021, the group reported this week.
The sale of Kuehne+Nagel Group’s contract logistics portfolio to XPO Logistics has been sealed after being unconditionally approved by the British Competition and Markets Authority.