SDC Trailers has been acquired by Chinese trailer manufacturer CIMC Vehicles for an undisclosed sum. Retlan Manufacturing, parent company to the Northern-Ireland based manufacturer, said that the existing management team would stay in place and plans were in place to consolidate its position and increase its export sales. David Li, general manager and director of the board of CIMC Vehicles, said that the acquisition marked an exciting new chapter in the history of SDC Trailers. “We look forward to working […]
2015 saw some shocks in the market; FedEx bidding for TNT Express; XPO Logistics buying Norbert Dentressangle and BCA Marketplace buying Eddie Stobart’s automotive business. But they weren’t the only acquisitions in a year packed with M&A activity. We take a look at some of the deals that changed the industry.
DHL Express has revealed that it intends to sell its same-day domestic business to technology distributor Rico Logistics later this month, as it continues to focus on the international express market.
CitySprint has acquired Brighton-based same-day firm, Bullit Couriers, improving its access to the area.