Containerships has assured staff and customers that it is business as usual after the announcement it is to merge with French shipping giant CMA CGM. Under the deal, the French carrier will acquire Containership’s shipping, harbour and terminal holdings. It will also merge Containerships’ services with those of its short sea subsidiary MacAndrews. The merger is subject to the approval of the European competition authorities which could take up to six months. CMA CGM is the 3rd biggest container shipping […]
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.
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.