Search Results for: acquisition

On 9 October 2015 TVH Group acquired the British company Rentaclamp. Thanks to this acquisition, TVH reinforced its activities in the attachment market for the United Kingdom and Ireland. Since then, Rentaclamp has been completely integrated into TVH UK. In addition to new, refurbished and second-hand attachments for lift trucks, TVH through Rentaclamp can also offer its customers an attachment rental and repair/overhaul service.

Sales, rental and after-sales service for attachments
TVH has an extensive assortment of new and second-hand attachments. The company is also an exclusive distributor for CAM System®. The CAM System range of hydraulic and mechanical attachments is renowned for its high quality and reliability. The range of fully reconditioned and ‘as is’ second-hand attachments is extremely comprehensive and varied in type and specification. Furthermore TVH also offers a wide variety of parts for attachments. The acquisition of Rentaclamp allows TVH, via Rentaclamp to also offer short- and long-term rental of attachments, and adds a repair/overhaul service to our range.

Full integration
Rentaclamp (Coventry) Ltd was established in July 1976 and has an excellent reputation. In the 12 years before the acquisition, the company was a British distributor of CAM System. This long-standing and strong cooperation with TVH has allowed the integration to go smoothly and successfully.



Uncategorised - May 24, 2016;

Logistics BusinessOn 9 October 2015 TVH Group acquired the British company Rentaclamp. Thanks to this acquisition, TVH reinforced its activities in the attachment market for the United Kingdom and Ireland. Since then, Rentaclamp has been completely integrated into TVH UK. In addition to new, refurbished and second-hand attachments for lift trucks, TVH through Rentaclamp can also offer its customers an attachment rental and repair/overhaul service. <br src=

FedEx’s offer for TNT is now going through, with a settlement date of May 25. Nuts and bolts of the official release are shown below:

FedEx Corporation (FedEx) (NYSE:FDX), FedEx Acquisition B.V. (the Offeror) and TNT Express N.V. (TNT Express) are pleased to announce that the Offeror has declared its recommended all-cash public offer for all the issued and outstanding ordinary shares in the share capital of TNT Express, including shares represented by American Depositary Receipts (the Shares), unconditional (doet gestand). All Offer Conditions, as described in the Offer Document, have been satisfied or (in whole or in part) waived.

“We are pleased with the outcome of the public share offer,” said David Bronczek, President and CEO, FedEx Express. “May 25, 2016 will be a profound moment in the history of these two great companies. Together, we will transform the global transportation industry, connecting even more people and possibilities around the world.”

Acceptance
In connection with the Offer, 484,982,585 Shares (including Shares represented by American depositary shares) have been tendered during the Acceptance Period that expired on 13 May 2016, representing 88.4% of the aggregate issued and outstanding ordinary share capital of TNT Express, and an aggregate value of €3,879,860,680 (at an Offer Price of €8.00 (eight euro) in cash per Share). No treasury shares are held by TNT Express.

Settlement
With reference to the Offer Document, published on 21 August 2015, holders of Ordinary Shares who accepted the Offer shall receive an amount in cash of €8.00 (eight euro) (the Offer Price) and holders of ADSs who accepted the Offer shall receive a cash amount equal to the U.S. dollar equivalent of the Offer Price, calculated by the Offeror using the spot market exchange rate for the U.S. dollar against the euro published on Bloomberg at noon New York time on the day immediately prior to the date on which funds are received by Citibank, N.A. (the ADS Tender Agent), in its capacity as ADS Tender Agent to pay for the ADSs following the Unconditional Date.

Payment of the Offer Price will occur on 25 May 2016 (the Settlement Date). The Offeror currently does not hold any Shares. Following the Settlement of the Offer, the Offeror will hold at least 484,982,585 Shares, representing 88.4% of the issued and outstanding share capital of TNT Express.

Uncategorised - May 19, 2016;

Logistics BusinessFedEx’s offer for TNT is now going through, with a settlement date of May 25. Nuts and bolts of the official release are shown below: <br src=

Yale® Europe Materials Handling is to launch a brand new ICE counter-balance truck offering businesses a solution which has the high quality and reliability expected from Yale whilst being affordable.

The MX series is tailored to businesses with a variety of materials handling workloads and is initially available in 2.0, 2.5 and 3.0 tonne capacities. Yale product manager for counterbalance trucks, Karen Calver, says: “This is a brand new truck designed with tried and tested Yale technology.

“In the MX series we have assembled a solution which offers all of the high standards associated with the Yale brand. Dependability, serviceability, ergonomics, productivity and low cost of ownership are not simply on our wish list, they are the principles that define a Yale product to its core – and we are excited that the MX series comfortably meets all these criteria.”

The new MX series will be manufactured in Craigavon, Northern Ireland by an experienced team of staff who have recently built their 400,000th truck, a Yale Veracitor VX. The MX series will be produced to the same high level of quality compliance with proven Yale components. The feature set is focussed on providing core functionality for materials handling applications without the complexity and cost associated with the premium offering.

“The affordability of a truck throughout its lifetime is extremely important in this very competitive sector,” adds Karen, “and that is where we believe the MX series comes into its own.

“Downtime is kept to a minimum through experienced dealer support, warranty options and comprehensive parts availability. Add to that affordable acquisition price and easy maintenance of its proven components and this functional machine is likely to be the go-to truck of choice for a variety of customer applications.”

The MX series follows the same design language as the Yale Veracitor VX series, which is the premium product in the Yale range. It is available in diesel, LPG, and dual-fuel configurations, with service intervals of 500 hours and the full back-up of Yale and its extensive dealer network. Economical to run, the MX series has a full suite of modern ergonomic features with driver comfort at the forefront of design and excellent noise and vibration performance. It is responsive and highly productive, bringing affordable productivity to a wider range of customers.

Uncategorised - May 17, 2016;

Logistics BusinessYale® Europe Materials Handling is to launch a brand new ICE counter-balance truck offering businesses a solution which has the high quality and reliability expected from Yale whilst being affordable. <br src=

Hyster-Yale Group, Inc. today announced that it acquired Speedshield Technology, Pty Ltd’s telematics installation and distribution businesses in the United States and the United Kingdom. This acquisition provides Hyster-Yale with the exclusive distribution rights of these businesses’ products in all areas outside of Australia. Following this acquisition, the acquired businesses will be rebranded as HYG Telematic Solutions.

Speedshield Technology, located in Melbourne, Australia, is a leading provider of advanced and comprehensive telematics technology for material handling equipment, as well as other fleet vehicle applications. Today, Speedshield Technology is the sole authorized provider of telematics products to Hyster-Yale customers, under the Yale Vision and Hyster Tracker telematics product offering.

Following the acquisition, Hyster-Yale intends to further develop its capabilities and enhance its efforts to service the fast growing market for telematic solutions and fleet data analytics for material handling fleets. The telematics application is currently offered in all new Hyster® and Yale® lift trucks and is able to be retrofitted into existing Hyster® and Yale® lift trucks, as well as lift trucks and allied equipment from other manufacturers.

Over the past few years, Hyster-Yale has focused on increasing unit volume through market share gains by delivering lowest cost of ownership to customers in a wide range of applications. In this context, the Company has been evaluating and investing in a broad range of technologies which will enhance the customer’s lift truck ownership experience. The purchase of this business is a strategic acquisition which is expected to provide a solid platform to expand the Company’s offering of Hyster® and Yale® fleet management solutions.

Uncategorised - May 9, 2016;

Logistics BusinessHyster-Yale Group, Inc. today announced that it acquired Speedshield Technology, Pty Ltd’s telematics installation and distribution businesses in the United States and the United Kingdom. This acquisition provides Hyster-Yale with the exclusive distribution rights of these businesses’ products in all areas outside of Australia. Following this acquisition, the acquired businesses will be rebranded as HYG Telematic Solutions. <br src=

WABCO, a global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, has acquired Laydon Composites Ltd. (LCL), a manufacturer of aerodynamic devices for heavy-duty trucks and trailers. LCL generated revenues of approximately CAD$25 million in 2015 and is headquartered in Oakville, Ontario, Canada. Building on more than 30 years of experience, LCL was previously privately owned and operated.

Through the acquisition, WABCO is the only supplier that provides a full range of aerodynamic devices for commercial vehicles worldwide. Aerodynamic products reduce air drag of commercial trucks traveling long distances at highway speeds, thereby lowering fuel consumption and carbon dioxide emissions. Aerodynamic devices help commercial vehicle fleet operators to improve their operational efficiency and environmental performance.

The acquisition creates attractive growth opportunities for both companies. WABCO’s strong global presence provides customers worldwide with increased access to LCL products; likewise, WABCO expands its market access to North America through LCL’s sales network and customer relationships in the region. Both companies have similar organizational cultures characterized by world-class engineering expertise and excellence in execution.

A leading supplier of innovative aerodynamic technologies for commercial vehicles, WABCO offers OptiFlow™ SideWings for trailers in Europe. Its leading design and construction enables long-haul fuel savings of up to 5 percent and reduction of CO2 emissions by as much as 3.8 tons per semi-trailer per year. In addition, the company’s OptiFlow Tail, an aerodynamic solution for the rear of a semi-trailer, generates fuel savings of up to 1.1 liter per 100 kilometers (4.7 gallons per 1,000 miles) at highway speeds. These fuel savings help fleet operators in Europe to lower carbon dioxide emissions from tractor-trailers by up to 2.8 tons annually.



Uncategorised - April 19, 2016;

Logistics BusinessWABCO, a global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, has acquired Laydon Composites Ltd. (LCL), a manufacturer of aerodynamic devices for heavy-duty trucks and trailers. LCL generated revenues of approximately CAD$25 million in 2015 and is headquartered in Oakville, Ontario, Canada. Building on more than 30 years of experience, LCL was previously privately owned and operated. <br src=

Advanced logistics operator, Arcese, has chosen a tailor made loading bay solution, designed and installed by industry leader Thorworld Industries, for its new facility in Daventry (UK).

The Arcese Group, one of the leading private logistics operators in Europe, runs hubs throughout the UK and has recently expanded its operation with the acquisition of its new depot. The sizeable new premises, with its impressive specification of both yard and office space, was considered an ideal hub for Arcese, being in close proximity to three of its major clients. However the building, in its existing form, lacked a suitable loading ramp facility.

Keen to address the situation at speed Keith Luetchford, Director at Arcese, was integral to the decision-making process that would guarantee the installation of high quality loading bay equipment, expertly designed for the most effective performance. Keith wanted to make use of the premise’s existing external canopies, but preferred to avoid the cost of installing a permanent solution within a leased building. He was also looking for high quality and specific size specifications, as he goes on to explain:
“We knew we needed a loading bay of considerable quality, as any equipment installed would be in continuous use, facilitating extremely heavy loads for up to 18 hours a day. Precise size was also a key factor, as our requirements were for a loading system designed to fit within the existing external canopies. This, we understood, would necessitate a bespoke construction.

“To achieve this we had to find an expert manufacturer, so after conducting initial internet searches to explore the possibilities available to us, we invited Thorworld to visit our new premises and discuss the best options,” he adds.

The nature of Arcese’s business and the design of its building meant that any bespoke loading equipment needed to be semi-permanent to deliver the best overall solution. Planning permission was not necessary for the installation of this equipment, so Keith and the team agreed that ‘the right semi-permanent solution’ would enable Arcese’s new operation to be up and running in a relatively short time-frame.

Furthermore, by choosing a Thorworld’s modular solution, there was the flexibility to dismantle and relocate the equipment at the end of the building’s eight year lease, if necessary.

“A semi-permanent solution was entirely correct for our needs, furthering our positive opinion of Thorworld’s sales and engineering teams, whom we found extremely knowledgeable and professional,” confirms Keith.

“They listened to our needs and designed a solution, which not only provides the same service as a permanent/concrete loading bay, but is more cost effective. We were extremely impressed with Thorworld’s initial designs, with only a couple of tweaks needing to be made to create our perfect loading solution.”

Keith gave Thorworld the green light to proceed with manufacture; creating finished apparatus that features three dock levellers with a double width ramp for use on one side of Arcese’s premises, and a single dock leveller and single ramp for use on the other. With operator welfare a priority, the equipment also accommodates rear loading, considered safer than side loading, and features anti-slip surfaces for additional safety.

“We’ve been truly impressed with the design and quality of the loading solution. Thorworld’s entire approach, from design to implementation has been smooth, considerate, and professional,” concludes Keith.

Responding to Keith’s comments about his positive experience, John Meale, Managing Director at Thorworld Industries said: “A modular loading dock solution can deliver the exact function a business is looking for, but with the additional attributes of cost-effectiveness and flexibility, all without compromising on quality or safety standards.

“We’re delighted to hear that everything has gone to plan with the Arcese installation and that the project was achieved in time, and on budget,” adds John.

Uncategorised - April 14, 2016;

Logistics BusinessAdvanced logistics operator, Arcese, has chosen a tailor made loading bay solution, designed and installed by industry leader Thorworld Industries, for its new facility in Daventry (UK). <br src=

Port Salford National Import Centre, the UK’s first Tri-modal logistics facility, has opened with the Culina Group as its first occupier.

Great Bear Distribution, now the ambient division of the Culina Group after its acquisition last month, will be managing warehousing and distribution of a range of ambient brands from the showpiece 280,000sq ft. facility.

The new Port Salford facility will be fully branded as Great Bear and offers 45,000 pallet spaces, 30 loading doors, 30,000 sq. ft. of contract packing and 130 trailer parking spaces whilst also creating 280 jobs in the area.

“Port Salford is a truly cutting edge facility, and one that Culina Group and Great Bear are really proud to be initiating”, said Thomas Van Mourik, Culina CEO,

“This development is not just changing the dynamics of UK Transport and Logistics by dramatically improving direct supply chain routes across England and Scotland, but it’s also resulting in significant carbon emission reductions and environmental savings,”

“Port Salford is taking a revolutionary approach to logistics in the UK and it’s our great people who are going the make it a success. These are really exciting times for all of us.”

From the outset General Mills (UK/Ireland) is in situ as a Culina Group / Great Bear client. Its brands such as, Old El Paso, Green Giant, Betty Crocker, and Nature Valley, will be arriving by short sea freight from Europe, saving a significant amount of road haulage miles per year whilst at the same time providing a “future proof” solution to market trends.

Port Salford is a massive investment by Peel Ports Group, which will create 1,600,000 sq. ft. of warehousing. Its unique location will allow direct vessel access from the new Liverpool2 Terminal at the Port of Liverpool, due to open later this year.

This is all part of the bigger global plan by Peel Ports to develop Liverpool as a deep water container terminal and a key Atlantic Gateway.

Uncategorised - April 11, 2016;

Logistics BusinessPort Salford National Import Centre, the UK’s first Tri-modal logistics facility, has opened with the Culina Group as its first occupier. <br src=

Swisslog Warehouse and Distribution Solutions, provider of best-in-class intralogistics solutions, has acquired Power Automation Systems (PAS), the world-wide market leader in pallet shuttle automated storage and retrieval systems (ASRS). Now with offerings ranging from advanced robotics to fast case shuttles and pallet shuttles, together with KUKA, Swisslog “continues building the Automation Powerhouse chain offering clients compelling solutions”.

Christian Baur, Swisslog CEO of Warehouse and Distribution Solutions, stated “The acquisition of PAS allows Swisslog to expand our product portfolio and offerings with focus to the North American and APAC markets. As the leader in logistics automation, our goal was to offer our clients a new dimension of speed and storage density for pallet warehouses that handle a confined number of SKU’s with high volume, not only in the green field, but also for existing buildings.”

PAS and Swisslog customers will remain top priority throughout the acquisition and leadership change. “The combination of Swisslog and PAS will deliver benefits to our customers greater than the sum of our parts,” said Markus Schmidt, Senior Vice President, Swisslog Warehouse and Distribution Solutions Americas. Continued Schmidt, “Furthermore, Swisslog offers its world class service with our customer support team consisting of 24/7 help desk, remote system monitoring, on-site support, spare parts and system retrofit expansions, and modernizations, which will be of great benefit to PAS’s existing customers.”

Headquartered in Lathrop, CA, the PAS office will immediately serve as the Swisslog Americas West Coast location. In addition, the acquisition is designed to further develop and expand Swisslog’s reach in North America, South America, Asia, and Australia toward end of production line ASRS applications for fast moving goods with a maximum degree of customer satisfaction. “Swisslog and PAS have partnered in the past to provide top notch automation solutions for clients such as Coca-Cola and Sutter Home (Trinchero Family Estates). I am proud that we have attracted Swisslog, a company with a great reputation and global size, so that the PAS solutions can grow to their full potential and expand on the leadership we’ve created,” said Pat Mitchell, inventor, founder, and previous owner of PAS.

Uncategorised - April 8, 2016;

Logistics BusinessSwisslog Warehouse and Distribution Solutions, provider of best-in-class intralogistics solutions, has acquired Power Automation Systems (PAS), the world-wide market leader in pallet shuttle automated storage and retrieval systems (ASRS). Now with offerings ranging from advanced robotics to fast case shuttles and pallet shuttles, together with KUKA, Swisslog “continues building the Automation Powerhouse chain offering clients compelling solutions”. <br src=

The analysis found that the value of completed M&A transactions in 2016 will pass the 2015 mark, which rose for the third consecutive year, to a total of £48 billion. Further transactions worth approximately £66 billion were announced, hitting a record level of M&A activity in the sector in 2015.

The upcoming year will remain active in terms of investments with three main trends identified as drivers, according to KPMG:
1) ASPAC will continue to attract investments as a source of new growth
ASPAC targeted acquisitions contributed to 55% of announced transaction values in 2015, and we expect this trend to continue reflecting underlying demographics, and the search for new markets. Landmark transactions announced in 2015 included: the operating concession for Kansai and Osaka Airports valued at £11.7bn; the acquisition of Australian rail and port operator Asciano for £4.3bn; and Singapore’s Neptune Orient Lines acquisition by CMA CGM for £1.4bn.

2) Asset-heavy and asset-light business model convergence in Freight & Logistics
The total value of completed Freight & Logistics M&A transactions have more than quadrupled from £7.2bn in 2013 to £31.4bn in 2015, and further transactions worth approximately £33.2n were announced during the year.

Asset-light logistics operators with advanced IT systems have, in recent years, been popular acquisition targets for large logistics providers and freight forwarders. However, we increasingly see that that “leaner” logisticians are looking for assets and (reliable) networks to supplement their services. Examples include the acquisition of US logistics company Coyote Logistics (high-tech / asset-light business model) by UPS worth £1.2bn, and the takeover of the French forwarder Norbert Dentressangle by XPO Logistics for £1.8bn.

Following the £3.3bn acquisition of TOLL Logistics by Japan Post in 2015 (which will transform the business model of the postal service operator towards a full-service logistics provider); the anticipated completion of the FedEx TNT deal (£3.1bn) will set the basis for another big year in M&A.

3) Alliancing and partnership models will continue to evolve where M&A can’t
M&A activity in the airline sector remained relatively low in 2015 (at £3.1 billion completed transactions) which is primarily because of restrictions imposed by foreign ownership restrictions and regulation. In the meantime, airlines will continue to evolve their business models and levels of co-operation towards alliancing and partnership to optimise their network, provide increase passenger choice, and pursue growth. Examples of new alliances in 2016 include the JV between Lufthansa and Singapore Airlines, and the alliance between IAG and LATAM.

James Stamp, UK head of transport at KPMG said: “We expect investment activities in the transport and logistics sector to remain high driven by the search for growth; changes in demographics and supply chain; evolution of business models; increased focus on customer proposition, and changes to the regulatory environment.

“With interest rates remaining low, returns on asset acquisitions remain attractive. We expect that further investments this year will see transactions to significantly exceed £52bn on the basis of announced transactions alone.”

Note: All figures quoted are translated from USD into GBP using an average exchange rate for 2015.

Uncategorised - April 4, 2016;

Logistics BusinessThe analysis found that the value of completed M&A transactions in 2016 will pass the 2015 mark, which rose for the third consecutive year, to a total of £48 billion. Further transactions worth approximately £66 billion were announced, hitting a record level of M&A activity in the sector in 2015. <br src=

E-fulfilment Automation Attracts Repeat Customers

AGV, AMR & Robots, Efulfilment, Mobile Computing & RFID, Packaging & Ecommerce, Packaging & Labelling - September 27, 2023;

Logistics BusinessE-fulfilment Automation Attracts Repeat Customers

What brings you back to your favourite online retailer? Other than product quality and… Read more »