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

Daimler Trucks goes electric

Stuttgart, Germany: Daimler Trucks plans a range of electric trucks for urban distribution and long-haul transport and has launched a concept vehicle to demonstrate the …

READ THE FULL STORY >

Krone boosts telematics services

Werlte, Germany: Trailer maker Krone and Shippeo, which makes automated tracking systems, have partnered to provide real-time estimated time of arrival (ETA) for Krone’s trailer …

READ THE FULL STORY >

European Cold Chain Conference set for Rotterdam in November

Rotterdam, Netherlands: The 23rd GCCA European Cold Chain Conference is scheduled for 23 – 25 November 2020 at the Hilton Rotterdam. The conference for temperature controlled professionals will see …

READ THE FULL STORY >

Polish pharma firm opens new warehouse

Głogów. Poland: Polish pharmaceutical company Arra Group has opened a new temperature-controlled warehouse in Poland near Poznań. The company says the warehouse is in a …

READ THE FULL STORY >

WHAT’S ON

  • Cold Chain Insight
    Cold Chain Insight into Energy, 16-20 November – the first of the new virtual insight series

Latest Tweets

This year's Cold Chain Leaders report (formerly Top 25) shows that @Culina_Group took the number one slot. Read what the chief execs say about 2020 plus tables on turnover, fleet size etc: bit.ly/3mYi3GF #logistics #SupplyChain #Coldchain pic.twitter.com/m4SMVG8DNp

© 2020 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