German rail and logistics giant DB Schenker Logistics has purchased Redhead International The purchase, for an undisclosed sum of the Motor Transport Top 100 operator, expands DB Schenker’s land transport operations in the UK. It will however see the DB Schenker Logistics name replaced by the Redhead International banner within the UK as part of a ‘reverse integration’, with Redhead’s management team leading the enlarged business. Parent group Schenker AG, which is the logistics arm of Deutsche Bahn, expects to […]
Europa Worldwide has outlined an acquisition strategy that would see it target operators, as well as air and sea interests, as MD Andrew Baxter looks to build the “biggest business” he can.
Tuffnells Parcels Express has been acquired by newspaper and magazine distributor Connect Group for £113.4m.
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 […]