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TRUCKING INDUSTRY WORLDWIDE * Mergers & Acquisitions
London,UK -Transport Intelligence -27 May 2008: -- Activity for the week of 20 May 2008
5/12: USA - Actionview International Inc. announced the acquisition of Jim Palmer Trucking, Inc., a reefer carrier based in Missoula, MT operating a fleet 350 tractors and 500 trailers in 44 states.? Jim Palmer had TTM revenue of $34.8 million.
5/14: Israel - Merhav Ampal Energy Ltd. announced the acquisition of 15% of Gadot Chemical Tankers & Terminals Ltd. for $15.5 million.? Based in Netanya, Israel, Gadot distributes edible oils and plastics, additives, alcohols, aromatic solvents, esters, minerals, pharmaceuticals, printing inks and textile fibers.
5/15: Japan - Commercial RE Company Ltd. announced the acquisition of Tenko Souken Co., Ltd., a warehousing company based in Atsugi-shi, Japan.? Terms were not disclosed.
5/15: Belgium - Benelux Port Holdings S.a.r.l. has acquired 57% of Westerlund Group NV, a provider of warehousing, transport and logistics services to the pulp and paper industry in Belgium, France, China, and the U.K.? Terms were not disclosed.
5/16: USA - A Clean Environment Company announced the acquisition of Perma-Fix Treatment Services, Inc., a hazardous waste processing facility located in Tulsa, OK, for $1.5 million in cash.
5/19: UK - Cityspace Ltd. has acquired Kizoom Ltd., the UK's leading provider of intelligent travel information systems.? Terms were not disclosed.
STRATEGIC BUYERS - Domestic Transactions
5/22: USA - SuperShuttle International, Inc. has acquired Golden Touch Transportation of NY, Inc., a provider of passenger ground transportation to airlines, universities, hospitals and schools in the metropolitan New York City area. ?Golden Touch had TTM revenue of $27.0 million.
STRATEGIC BUYERS - Foreign Transactions
5/20: China - Changle Century Sunshine Paper Industry Co., Ltd. announced the acquisition of 48.8% of Changle Shenyi Transportation Co., Ltd. ("CSTC") for $0.8 million.? Based in China, CSTC provides general cargo transportation and domestic and international container transportation services.
5/21: Oesterreich - Oesterreichische Post AG has acquired 24-VIP Express Logistics Services d.o.o., a package delivery provider located in Bosnia.? Terms were not disclosed.
5/21: Oesterreich - Oesterreichische Post AG has acquired HSH Holding B.V.B.A., a specialist in non temperature-controlled pharmaceutical logistics based in Stekene, Belgium.? Terms were not disclosed.
5/22: China - China TransInfo Technology Corp. announced the acquisition of 53.3% of China TranWiseway Information Technology Co., Ltd. ("CTIT") for $0.9 million. ?CTIT develops applications for highway and street traffic monitoring projects in China.
5/22: Russia - JSC Sovcomflot made a mandatory offer to acquire the remaining 3.17% stake in Joint Stock Company Novorossiysk Shipping Company for $41.3 million.? Novorossiysk operates vessels for the transportation of container and bulk freight from its base in Novorossiysk, Russia.
FINANCIAL BUYERS
5/14: USA - Wells Fargo & Company announced it is leading an investor group that will acquire IdleAire Technologies Corporation out of Chapter 11 Bankruptcy protection for $385.4 million.? IdleAire, a provider of in-cab services to the heavy-duty trucking industry in the US, had TTM revenue of $34 million.
5/20: USA - The Carlyle Group has acquired ITS Technologies & Logistics LLC, a provider of intermodal terminal operation services based in Hazel Crest, IL.? Terms were not disclosed.
posted by Unknown @ 3:41 PM
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