UPS, Panalpina, UTI....
UPS has completed the purchase of UK parcel carrier, Lynx Express, after having received approval for the £55.5 million transaction from the European Commission. (10/4/2005)
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Panalpina has acquired its longstanding agent for the Nordic area – the Oslo-based Overseas Shipping Group – for an undisclosed purchase price. (10/5/2005)
The transaction (with retroactive effect from January 1, 2005) is subject to the approval of the Norwegian Competition Authorities.
Founded in 1976, Overseas Shipping has a proven track record and a solid position in the Norwegian logistics market. Offering air and sea freight forwarding, liner shipping, time- and voyage chartering, as well as worldwide project logistics, Overseas Shipping generated a turnover of NOK 137.1 million (CHF 25.6m) in 2004.
According to Panalpina’s president & CEO Bruno Sidler, this integration, following many years of successful co-operation, represents a logical step forward and supports Panalpina’s strategy to grow organically and through selected bolt-on acquisitions. “It will allow us to further integrate and expand our network, remain market leader in the oil and gas industry and raise entry barriers for our competitors.”
Tore Ruud, former co-owner & managing director of Overseas Shipping, considers Panalpina “the best possible partner to join forces with.”
Overseas Shipping will form part of Panalpina’s Nordic Area. Panalpina will take over the existing staff of Overseas Shipping, as well as members of senior management. Tore Ruud will continue to act in his capacity as managing director.
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UTi Worldwide has announced the acquisition of Concentrek, a provider of advanced transportation management and supply chain solutions. (10/4/2005)
The privately held company was acquired from its principal shareholders, including its senior management team and Knight Transportation. Terms of the transaction were not disclosed.
Founded in 1999, Concentrek offers a wide range of logistics services, including supply chain analysis and design, outsourced transportation management and advanced optimisation technology for more efficient routing of shipments.
Concentrek employs approximately 80 associates at its headquarters in Grand Rapids, Michigan and at customer sites throughout the US and Canada.
John Patterson, co-founder, president & CEO of Concentrek will continue to lead the company, along with two other industry executives, Mike McClelland, who heads the company’s operations, and Greg Morello, who is responsible for business development.
“The addition of Concentrek complements our service portfolio and enables UTi to offer a more comprehensive end-to-end solution for customers throughout North America,” said William Gates, CEO of UTi Integrated Logistics. “Concentrek adds transportation management capacity for UTi's customers as well as proven optimisation technology and in-depth industry expertise.”
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Panalpina has acquired its longstanding agent for the Nordic area – the Oslo-based Overseas Shipping Group – for an undisclosed purchase price. (10/5/2005)
The transaction (with retroactive effect from January 1, 2005) is subject to the approval of the Norwegian Competition Authorities.
Founded in 1976, Overseas Shipping has a proven track record and a solid position in the Norwegian logistics market. Offering air and sea freight forwarding, liner shipping, time- and voyage chartering, as well as worldwide project logistics, Overseas Shipping generated a turnover of NOK 137.1 million (CHF 25.6m) in 2004.
According to Panalpina’s president & CEO Bruno Sidler, this integration, following many years of successful co-operation, represents a logical step forward and supports Panalpina’s strategy to grow organically and through selected bolt-on acquisitions. “It will allow us to further integrate and expand our network, remain market leader in the oil and gas industry and raise entry barriers for our competitors.”
Tore Ruud, former co-owner & managing director of Overseas Shipping, considers Panalpina “the best possible partner to join forces with.”
Overseas Shipping will form part of Panalpina’s Nordic Area. Panalpina will take over the existing staff of Overseas Shipping, as well as members of senior management. Tore Ruud will continue to act in his capacity as managing director.
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UTi Worldwide has announced the acquisition of Concentrek, a provider of advanced transportation management and supply chain solutions. (10/4/2005)
The privately held company was acquired from its principal shareholders, including its senior management team and Knight Transportation. Terms of the transaction were not disclosed.
Founded in 1999, Concentrek offers a wide range of logistics services, including supply chain analysis and design, outsourced transportation management and advanced optimisation technology for more efficient routing of shipments.
Concentrek employs approximately 80 associates at its headquarters in Grand Rapids, Michigan and at customer sites throughout the US and Canada.
John Patterson, co-founder, president & CEO of Concentrek will continue to lead the company, along with two other industry executives, Mike McClelland, who heads the company’s operations, and Greg Morello, who is responsible for business development.
“The addition of Concentrek complements our service portfolio and enables UTi to offer a more comprehensive end-to-end solution for customers throughout North America,” said William Gates, CEO of UTi Integrated Logistics. “Concentrek adds transportation management capacity for UTi's customers as well as proven optimisation technology and in-depth industry expertise.”
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