acquisition

Cooper Tire & Rubber Co. (NYSE: CTB) recently announced a plan to increase ownership in its joint venture tire plant in Guadalajara, Mexico, from 58% to 100%. The Findlay, Ohio-based company has been involved in a venture partnership at the Corporación de Occidente (COOCSA) plant with...

International Consolidated Airlines Group (IAG), the parent of British Airways and other carriers, on Nov. 4 said it reached an agreement for subsidiary Iberia to acquire Air Europa from privately held Globalia, Spain's largest tourism group, for €1 billion ($1.1 billion). The all-cash acquisition...

Logistics real estate and supply chain logistics firm Prologis (NYSE: PLD) will acquire Liberty Property Trust (NYSE: LPT) in an all-stock transaction worth approximately $12.6 billion, both companies announced on October 27. The boards of both companies unanimously approved the transaction, which...

TFI International (TSX:TFI) quietly acquired a small Canadian carrier and certain assets of a U.S. logistics provider in August.  TFI disclosed the purchase of Quebec-based Craler and US Logistics in its third-quarter financial report. Craler provides trucking, brokerage and warehousing services...

The partnership between Norges Bank Investment Management (NBIM) and Prologis, Inc. has acquired a logistics property in the London suburb of Greenford. The acquisition, completed in August, was announced in late October. NBIM paid £35.1 million ($45.3 million) for a 50% interest in the property,...

Good day, Konexial, which sells the My20 ELD, has acquired the complete list of Axle Technologies automatic onboard recording device (AOBRD) customers. Konexial said it will immediately begin transitioning those customers over to its ELD device ahead of the federal Dec. 16, 2019, deadline to do so...

Manitoulin Group has acquired Associated Cargo Specialists, continuing to grow its freight-forwarding business with a Montreal-based firm specializing in moving refrigerated goods and renewable energy components.  The Canadian transportation and logistics group's freight-forwarding arm, Manitoulin...

Cyprus-based Avia Solutions Group, a multipurpose aviation holding company, has completed the acquisition of 100% of the shares of U.K.-headquartered Chapman Freeborn Group. The entitles signed the initial acquisition agreement in London on June 14 and have obtained all customary approvals for the...

GlobalTranz has added to its portfolio with the acquisition of Chicago-based Global Freight Solutions. It is the third major acquisition this year by GlobalTranz and the second of a brokerage based in Chicago. "Global Freight Solutions is a proven provider of exceptional logistics services and...

Freight forwarder Flexport acquired a startup that develops technology for tracking containerized goods. Burlingame, California-based Crux Systems said its technology "informs supply chain planning by driving actionable insights that can reduce dwell times, demurrage fees and hours spent tracking...

Körber Logistics, the investment and logistics arm of tech conglomerate Körber of Hamburg, Germany, has acquired a majority stake in the warehouse autonomous logistics robot installer and consultancy Cohesio. FreightWaves asked Nishan Wijemanne, CEO of Cohesio, and Chad Collins, CEO of Körber...

Dutch airport operator Royal Schiphol Group and state-owned investment firm Queensland Investment Corporation (QIC) have won the contest for a combined 70% stake in Hobart International Airport (HIA) in Australia. While price of the acquisition has not been disclosed, a multiple of 25 times...

Whether it is through fleet expansion, acquisition or simply yearly compliance, companies at some point will have to register their commercial vehicles for legal operation. Commercial vehicle registration, though, can be a tricky task that, if not handled correctly, results in vehicles sitting...

An interview with DSV Panalpina's new chairman posted on the Danish company's website says the company's management will "focus 100% on the integration of Panalpina" for 12 to 18 months before thinking about another acquisition. DSV completed the acquisition of Switzerland's Panalpina in August. "...

Manitoulin Group, one of Canada's largest transportation and logistics firms, has expanded its reach in the U.S. with Miami-based freight-forwarder Demark Global Logistics. Ontario-based Manitoulin purchased Demark for an undisclosed sum through its freight-forwarding arm Manitoulin Global...