Peterborough haulage firm Bison Transport Group is under new ownership after it was snapped up by entrepreneur Andy Scott. The company, which has been trading for four years, provides haulage services to companies such as Ikea, Amazon and Maritime, operating out of two depots with 50 HGVs. The corporate takeover is Scott’s 10th in two years and is his third transport business (he purchased removal firm AG Cannon in July and owns Reliable Removals & Storage). He said the plan […]
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 […]
EmergeVest, the Hong Kong-based private-equity investor that has acquired CM Downton, NFT Distribution and Palletforce over the past four years, has merged its road transport and logistics assets into one company: EV Cargo.