European cold chain logistics the centre for mergers and acquisitions

New York, US: The European logistics centre has become the focus for cash rich companies reports the Wall Street Journal. It cites recent deal activities such as acquisition by United Parcel Service of smaller rival TNT Express NV last month and FedEx purchase of privately held Polish shipping company Opek.

Analysts said the recent deal activity suggests that cash-rich companies in the logistics sector are looking to put their money to work. Investment bank Morgan Stanley noted that prospects for an increased level of merger and acquisition activity across all sectors are reasonably good in Europe, the newspaper said.  Morgan Stanley  cite healthy balance sheets and cash flows for European companies, return on equity that is above historical averages as well as higher share prices.

KPMG’s European head of transport transactions, Steffen Wagner, believes Europe is set to be at the centre of merger and acquisition activity in the highly fragmented logistics sector.  “Opportunities [for deals] will be in temperature-sensitive transport and food logistics, pharmaceutical and chemical logistics and the transport of hazardous products,” Wagner told the newspaper.

WORLD NEWS

New controlled environment construction firm launches

Trabuco Canyon, California, USA: Vince Free has set up Freez Construction, a thermal contracting firm. Freez Construction builds “cold storage thermal envelopes within the controlled environment …

READ THE FULL STORY >

Walmart to spend $1.2bn to upgrade logistics in China

Dongguan, China: Walmart has pledged to spend around $1.2bn to build or upgrade more than 10 distribution centres in China over the next 10-20 years. …

READ THE FULL STORY >

OSHA and GCCA renew partnership

Washington, DC, USA: The Global Cold Chain Alliance and the Occupational Safety & Health Administration have renewed their alliance. “We are excited to continue our …

READ THE FULL STORY >

Ceva Logistics plans move into cold chain

Baar, Switzerland: Swiss company Ceva Logistics is planning to develop “value-added sectors such as cold chain logistics”. The move, revealed when the company presented its …

READ THE FULL STORY >

WHAT’S ON

  • Pharma and Biosciences Conference
    The Cool Chain Association Pharma and Biosciences Conference takes place on 23-24 September 2019 in Paris. Contact: www.caasint.com

Latest Tweets

Thank you for the thank you. twitter.com/purplegator/st…

© 2019 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ