Reefer player changes hands 
Two financial investors have taken over Envirotainer. The Swedish EQT and the fund Mubadala Investment from the United Arab Emirates have inked the deal with the previous owners, the British investment company Cinven and the Danish pharmaceutical group Novo Holdings. The... more
Aramex invests USD 265 million
CEP provider Aramex has entered into a binding agreement to acquire Access USA Shipping, better known as "MyUS", a USA-headquartered digital platform enabling cross-border e-commerce. The purchase price is USD 265 million. The takeover is still subject to customary... more
K+N Russia goes to Perry Neumann
It is a special kind of MBO. On 3 June 2022, the Switzerland-based logistics group Kuehne + Nagel signed an agreement to sell its business in the Russian Federation to its local managing director Perry Neumann. Since March 2022, the company had temporarily suspended all... more
DIY store in the border triangle
Hornbach Baumarkt has taken out a lease on the Panattoni Park Freiburg Süd in Neuenburg am Rhein just as construction is getting underway. The German family-run company operates DIY and garden centres in Germany and other countries in Europe. Hombach will use the Neuenburg... more
UBS sells to Prologis
An open-ended special fund managed by the Swiss UBS Real Estate is selling a portfolio of eleven German logistics properties to Prologis. The buildings are spread over a total of 600,000 sqm of land and include both turnkey buildings and new development opportunities. No... more
Closer to Amazon
With a new partnership, Chicago-based Seko Logistics is opening up to a number of Amazon Aggregators. The new deal will include co-branded products and expand Seko’s offering to include Amazon FBA fulfilment services. The partner is My FBA Prep. Seko will bring in its full range... more
Heppner and CTL: a new approach
The general cargo alliance Cargo Trans Logistik (CTL) is relaunching its general cargo transports to France in cooperation with the French forwarding and logistics company Heppner. CTL partner companies can now feed in their goods for Germany via Heppner locations, which... more
Panasonic's contract in the French market
Following a trial run, Panasonic has now contracted Gefco as its exclusive service provider in France. For the client's consumer goods division, Gefco coordinates, from its storage platform in the greater Paris area, the supply of resellers, specialised stores, large retail... more
Girteka going super-green
Lithuania-based road specialist Girteka Logistics has chosen a brand-new design to illustrate its ongoing transformation. The group is a major carrier in Europe, transporting more than 960,000 full loads of cargo with almost 9,000 own trucks per year. Edvardas Liachovičius,... more
Expanding into Denmark
The Rhenus Group has opened two new sites in Denmark. With its locations in Copenhagen and Aarhus, Rhenus Air & Ocean plans to strengthen the group's connections with the Netherlands, Belgium, Ireland, Norway, and UK. Scandinavia is the company's latest focus. Rhenus... more