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 […]
Tesco is to merge with wholesaler Booker in a £3.7bn deal that creates one of the largest own-account operations in the UK, and it is targeting cost savings of approximately £61m in its distribution and fulfillment activities.
JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
ByBox Field Support has extended its technical services arm with the acquisition of courier firm Echo.