Refrigerated vehicle rental firm Petit Forestier has abandoned its bid to buy leasing company Fraikin Group after opposition from the French Competition Authority. The deal between the two French-owned companies, announced in June last year, aimed to create a major European player in the sector with combined sales of £1.09bn. Petit Forestier’s bid to buy Fraikin hit the buffers after the French Competition Authority raised concerns that the deal would create “a quasi-monopoly” giving Petit Forestier a 90% market share […]
February 11, 2014 Ashleigh Wight
UPS has acquired temperature-controlled operator Polar Speed for an undisclosed sum.
April 10, 2014 Chris Druce
Essex-based freight forwarder and haulier Simarco has purchased Longport-Staffordshire based IFB for an undisclosed sum.