Pentalver Transport owner Genesee & Wyoming (G&W) is being acquired by Brookfield Infrastructure Partners in deal valued at $8.4bn (£6.6bn). G&W owns or leases 120 freight railroads and has approximately 8,000 employees in North America, Australia and Europe. In the UK it owns Freightliner and following a 2017 deal, Pentalver Transport. The latter was rebranded following the deal to feature the G&W logo. “This is a rare opportunity to acquire a large-scale transport infrastructure business in North America,” said Sam […]
CitySprint has snapped-up two more courier firms as it continues its strategy of growing through acquisition.
The European Commission (EC) has extended the deadline for the completion of its investigation into FedEx’s proposed acquisition of TNT.
The offer period for the proposed merger of UPS and TNT Express has once again been extended. Following an exemption granted by The Netherlands Authority for the Financial Markets (AFM), the period has been extended until one week after competition clearances have been obtained from regulators, the European Commission and the Chinese Ministry of Commerce. The clearances are not expected to be issued before the end of the current offer period on 9 November. The latest extension will see the […]