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

India Cold Chain Show set for December

Mumbai, India: The eighth India Cold Chain Show takes place this year on 4 – 6 December at the Bombay Exhibition Centre, Goregaon East, Mumbai. …

READ THE FULL STORY >

Data sharing pilot cuts food loss

Venlo, Netherlands: Cool Chain Association members last week shared temperature data from perishable consignments moving from Latin America to the Middle East, piloting a new …

READ THE FULL STORY >

Mercadona automates four warehouses

Valencia, Spain: Spanish supermarket Mercadona is spending €120m to automate four warehouses. It is the the largest logistics order for Cimcorp which will automate distribution …

READ THE FULL STORY >

Lineage automates pallet labelling

Leper, Belgium: Industrial Labelling Systems has installed an automated pallet labelling system at Lineage Logistics’ warehouse in Ieper, Belgium. The frozen goods warehouse previously manually …

READ THE FULL STORY >

WHAT’S ON

  • Logistics Scotland
    The FTA’s Logistics Scotland takes place on 30 May 2019, in Falkirk, Scotlandwww.fta.co.uk/logisticsscotland19

Latest Tweets

Hannon Transport adds 80 Schmitz reefers: bit.ly/2Jog25e pic.twitter.com/ZDlMdADvhT

© 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