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TRANSPORT & LOGISTICS: Mergers & Acquisitions * WORLDWIDE
Strategic Buyers
* USA - 7 May: Midwest Refrigerated Services, Inc. announced the pending acquisition of High Track LLC. Based in McFarland, WI, High Track provides refrigerated warehousing, distribution and logistics services in North America and internationally. Terms were not disclosed.
* Malaysia - 11 May: HPI Resources Bhd announced the pending acquisition of Sierra Selections Sdn Bhd for $468,000. Based in Malaysia, Sierra Selections provides trucking services.
* Malaysia - 11 May: HPI Resources Bhd announced the pending acquisition of Kempas Teknik Sdn. Bhd. for $343,000. Based in Malaysia, Kempas Teknik provides trucking services.
* Malaysia - 11 May: HPI Resources Bhd announced the pending acquisition of Parit Raja United Transport Sdn. Bhd. for $156,000. Based in Malaysia, Parit Raja provides trucking services.
* USA - 11 May: GSI Commerce Inc. announced the acquisition of VendorNet Inc. Based in Boynton Beach, FL, VendorNet provides multichannel e-commerce supply chain solutions to more than 100 retailers and brand marketers. Terms were not disclosed.
Private Equity Backed
* USA - 11 May: RedPrairie Corporation, a portfolio company of New Mountain Capital, announced the acquisition of SmartTurn, Inc. Based in San Francisco, SmartTurn provides web-based warehouse and inventory management software solutions. Terms were not disclosed.
* China - 11 May: China Leason Investment Group Co., Limited announced the pending acquisition of 75.0% of Shanxi Wanzhi Logistics Co Ltd. Shanxi Wanzhi transports liquefied natural gas from its base in China. Terms were not disclosed.
posted by Unknown @ 4:10 AM
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