acquisition

Good day, Konexial, which sells the My20 ELD, has acquired the complete list of Axle Technologies automatic onboard recording device (AOBRD) customers. Konexial said it will immediately begin transitioning those customers over to its ELD device ahead of the federal Dec. 16, 2019, deadline to do so...

Manitoulin Group has acquired Associated Cargo Specialists, continuing to grow its freight-forwarding business with a Montreal-based firm specializing in moving refrigerated goods and renewable energy components.  The Canadian transportation and logistics group's freight-forwarding arm, Manitoulin...

Cyprus-based Avia Solutions Group, a multipurpose aviation holding company, has completed the acquisition of 100% of the shares of U.K.-headquartered Chapman Freeborn Group. The entitles signed the initial acquisition agreement in London on June 14 and have obtained all customary approvals for the...

GlobalTranz has added to its portfolio with the acquisition of Chicago-based Global Freight Solutions. It is the third major acquisition this year by GlobalTranz and the second of a brokerage based in Chicago. "Global Freight Solutions is a proven provider of exceptional logistics services and...

Freight forwarder Flexport acquired a startup that develops technology for tracking containerized goods. Burlingame, California-based Crux Systems said its technology "informs supply chain planning by driving actionable insights that can reduce dwell times, demurrage fees and hours spent tracking...

Körber Logistics, the investment and logistics arm of tech conglomerate Körber of Hamburg, Germany, has acquired a majority stake in the warehouse autonomous logistics robot installer and consultancy Cohesio. FreightWaves asked Nishan Wijemanne, CEO of Cohesio, and Chad Collins, CEO of Körber...

Dutch airport operator Royal Schiphol Group and state-owned investment firm Queensland Investment Corporation (QIC) have won the contest for a combined 70% stake in Hobart International Airport (HIA) in Australia. While price of the acquisition has not been disclosed, a multiple of 25 times...

Whether it is through fleet expansion, acquisition or simply yearly compliance, companies at some point will have to register their commercial vehicles for legal operation. Commercial vehicle registration, though, can be a tricky task that, if not handled correctly, results in vehicles sitting...

An interview with DSV Panalpina's new chairman posted on the Danish company's website says the company's management will "focus 100% on the integration of Panalpina" for 12 to 18 months before thinking about another acquisition. DSV completed the acquisition of Switzerland's Panalpina in August. "...

Manitoulin Group, one of Canada's largest transportation and logistics firms, has expanded its reach in the U.S. with Miami-based freight-forwarder Demark Global Logistics. Ontario-based Manitoulin purchased Demark for an undisclosed sum through its freight-forwarding arm Manitoulin Global...

I.D. Systems, Inc., a provider of wireless systems for managing industrial vehicle fleets, has rebranded to become PowerFleet, Inc. after completing the acquisition of Pointer Telocation on Oct. 3.  The Woodcliff Lake, N.J.-based company, PowerFleet  (NASDAQ: PWFL), said it expects the rebranding...

After 11 autopilot engineers left Tesla Inc (NASDAQ: TSLA) in May amid department restructuring, Tesla found itself in need of new software talent.  On October 1, CNBC reported Tesla would acquire of Deepscale, a Silicon Valley, California-based startup that will help actualize Tesla CEO Elon Musk...

Kriska Transportation Group has acquired two small fellow Canadian carriers, Trailwood Transport and Nexus Freight, expanding its automotive and local truckload businesses. Kriska, which is partially owned by Mullen Group (TSX:MTL), announced the acquisitions on October 2. It did not disclose the...

Amazon.com, Inc. (NASDAQ: AMZN) recently acquired cloud-based startup INLT, a move designed to simplify importing goods into the United States for Amazon's online merchants, according to Reuters. INLT, which the company said stands for IN:LET, makes software for merchants to manage the costs of...

Independent infrastructure manager Ancala Partners has completed the acquisition of a 45% interest in Liverpool John Lennon Airport for an undisclosed sum on behalf of its funds. London-based Ancala focuses on mid-market infrastructure investments.  Institutional investors are under pressure to...