Biffa has acquired Weir Waste Services who provide waste and recycling solutions in Birmingham and the West Midlands region. WWS has been bought for a consideration plus debt of£16.2m, funded from Biffa’s existing cash and debt facilities. The business will be incorporated into Biffa’s industrial & commercial division, enabling the combined business to broaden its customer offering throughout Birmingham and the West Midlands. WWS presently combines a commercial collection business which serves some 1,600 customers, and operates a frontline fleet […]
Cathay Investments has acquired Cardiff-based logistics and warehousing firm Rhys Davies and Sons for an undisclosed sum.
UPS has pulled out of its €5.16bn offer for TNT Express – in a deal that would have created a business with a combined annual turnover of £1.3bn in the UK – blaming European Commission (EC) concerns with the acquisition. The proposed merger is expected to be prohibited by the EC, the parcel giants warned in joint statements this morning (14 January). TNT said UPS sees “no realistic prospect” that it will receive EC clearance and will formally terminate the […]
DSV has abandoned a bid to buy CEVA Logistics, citing a lukewarm reception to its revised offer as the reason for ending its interest in the Swiss multinational.