DSV has acquired Dartford-based freight forwarder SBS Worldwide Holdings for an undisclosed sum. The company has taken on SBS’s seven offices, four of which are in the United States, which DSV hopes will extend its presence in the US market. DSV Air and Sea managing director Michael Hansen said: “We already have a strong presence on the UK-US market and have identified it as an area of strategic growth for the company, so SBS’s particular expertise and experience in the […]
Kuehne + Nagel’s acquisition of international groupage specialist RH Freight in March last year caught many in the industry – including Motor Transport it has to be said – by surprise. But it was all part of the Swiss-owned global logistics business’ long term strategy, as Glenn Lindfield, KN’s senior vice president for contract logistics in North West Europe, tells Steve Hobson Unlike some other logistics firms who spend big money promoting their brands, family-owned Swiss logistics giant Kuehne + […]
Knights of Old remains on the hunt for more acquisitions after turnover jumped during the first full year of trading following its integration of the Mainland Group.
West Bromwich-based Sheldon Clayton Group has acquired the Wednesbury, West Midlands operation of Manchester warehousing and transport firm CFT Services for an undisclosed sum. The move will see all 30 staff at CFT’s Wednesbury operation move to Sheldon Clayton’s 12-acre, West Bromwich site. Sheldon Clayton group MD Stephen Pollock said the acquisition would add over £3m to the group’s turnover, which has risen from £5m four years ago to £20m now, including the CFT operation. Sheldon Clayton, which has 240,000ft² […]