Deal News Transportation & Logistics What's up in Your Market
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Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2016 www.pwc.de Deal News Transportation & Logistics What's up in your 15. December 2016 market – a focus Research Center on deals activity Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2016 EuroFreight Experienced business advisors, Central Finance have raised a six-figure Shipping Agencies finance package for Halesowen business EuroFreight Shipping Agencies bought by Ltd to fund the management buyout of the freight forwarding business, management team to diversify the service provision and securing the future of the business under sole ownership. EuroFreight Shipping Agencies Ltd, established in 1991, are an international freight forwarding business with a collective of 90 years’ experience in exporting and importing of cargoes to and from worldwide destinations via road, sea and air/express approached Central Finance to access finance to buy out the former owner and to focus on new markets for the freight forwarder. The Midlands based financial consultancy, who have over sixty years’ collective experience in commercial finance including; business development loans, commercial mortgages, peer to peer finance and grants sourced a Peer to Peer finance package via ThinCats, which allowed shareholder Rick Alphonso to buy out the former owner and to focus on new markets for the freight forwarder. 15.12.2016 Company Press Release(s) STEF buys 100% in Following the acquisition of SPEKSNIJDER company (2014) and the VERS-Express, purchase of a 20,000 m² land in Bodegraven (2015), STEF, the France- acquires minority listed transportation services company, continues its expansion in the stake in Netko Netherlands with the acquisition of VERS-Express (Eindhoven) and a real estate and a minority stake in Netko company (Raalte). STEF thus reinforces its network in this country and expands its range of services in temperature-controlled transport and logistics. STEF Netherlands has now three sites, totaling 16,000 m², well spread throughout the country: In the Northteast, in Raalte, a 2,500 m² refrigerated (2-4°C) transport and logistics site (Netko). In the Southeast, in Eindhoven: a 2,000 m² refrigerated (2-4°C) transport site (VERS Express). In the center, in Bodegraven: a 6,500 m² refrigerated (2-4°C) and frozen (-25°C) transport and logistics site (SPEKSNIJDER) which will, in September 2017, benefit from an additional 5,000 m² refrigerated capacity (2-4°C). Under the direction of Christian Dooms, director at STEF Netherlands, transport and logistics operations, serve 300 clients and employ 250 people. Serge Capitaine, deputy CEO of STEF, declared: "With these acquisitions, STEF is now in a position to cover the whole country by itself. They materialize our development ambitions in the Netherlands for our two business lines, temperature-controlled transport and logistics services for food products". VERS Express was founded in 1997, and is headed by Frank Gruijters. From its Eindhoven platform, it carries out consolidation as retail distribution operations. The company has 40 employees and a fleet of 27 vehicles. 13.12.2016 Company Press Release(s) Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2016 Van Duuren As of 1 January 2017, Interport B.V., with locations at Schiphol and acquires Interport Barcelona, has been acquired by Van Duuren of Vianen. Interport has more than 25 years’ experience in transport to and from Spain and Portugal, and provides scheduled services with guaranteed departure and arrival times for a number of European countries. With their high- security box trailers Interport operates especially in transporting high- value and urgent loads such as airfreight, high-tech and pharmaceutical goods. Interport’s clients experience an on-time delivery performance of no less than 99.2%. Interport is ISO, TAPA and AEO certified. As a pan- European logistics services provider Van Duuren, with their finely woven network, is active in 39 countries. Their client base is increasing, this to a large extent in carrying retail and high-tech goods. The acquisition of Interport means that Van Duuren can take advantage of Interport’s experience in the areas of security and tracking systems, and also gradually expand Interport’s geographical area of activity. Both Interport and Van Duuren are family businesses. 13.12.2016 Company Press Release(s) CAT Group's Nox Nachtexpress, the German transportation service provider German subsidiary delivering packages during the night, has agreed to acquire the to be acquired by Germany-based subsidiary of the French transportation group, Groupe Nox Nachtexpress CAT, effective from 1 January 2017, DVZ reported. Financial terms were (translated) not disclosed in the German language article. Nox Nachtexpress will increase its turnover by more than EUR 50m per annum and employees about 120 people, the item added. 13.12.2016 DVZ Pentalver Transport A subsidiary of Genesee & Wyoming Inc. (G&W) (NYSE:GWR), a to be acquired by Darien, Connecticut-based freight railway operator, will purchase Genesee & Pentalver Transport Limited, an English off-dock container terminal Wyoming from APM operator, from a subsidiary of APM Terminals, a Dutch port operator, Terminals for USD for USD 110m. APM Terminals is a subsidiary of AP Moller-Maersk. The 110m transaction is expected to close in the first quarter of 2017. The acquisition will enable G&W to enhance its U.K. services, unlock efficiencies from shared services and enhanced asset utilization. Pentalver, with 600 workers, operates off-dock container terminals at each of the four major seaports of Felixstowe, Southampton, London Gateway and Tilbury and an inland terminal located at Cannock, in the U.K. The firm also operates a trucking haulage service with more than 150 trucks. Genesee & Wyoming owns or leases 122 freight railroads worldwide with 7,300 employees and more than 2,800 customers. The firm's subsidiaries provide rail service at more than 40 major ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers. 13.12.2016 Company press release. Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2016 DynaGroup On December 12, 2016, Bpost published the following press release on acquired by Bpost its website: bpost and DynaGroup signed an agreement on 12 December 2016 on the acquisition by bpost of 100% of the shares of DynaGroup. The goal of the acquisition is to strengthen the bpost parcel division with new complementary logistical knowhow and accelerate the international development of DynaGroup’s growth platform. After the successful acquisition of the Belgian activities of Lagardère Travel Retail, bpost now takes another step in its growth and diversification strategy with regard to proximity and convenience. The acquisition of the whole DynaGroup and its business units (Dynafix, Dynalogic, Dynasure and Dynalinq) will enable bpost to add further logistical solutions to its services for e-commerce customers. The acquired businesses generated a consolidated turnover of EUR 88.5m and a normalized EBITDA of EUR 6.8m for the period ending 31 December 2015. DynaGroup offers a range of logistical services and software, from the repair of electronics (from smartphones to coffee machines) to personalized e-commerce delivery services, for both small products (ranging from passports to smartphones with contract finalization on the doorstep) and large consumer products (such as the delivery and installation of washing machines). DynaGroup counts approximately one thousand customers in the BeNeLux (including major telecom operators, smartphone manufacturers, insurers, retail chains and market leaders in e- commerce). DynaGroup – established in 1995 and headquartered in Sittard (Netherlands) – will continue to operate under its own name as an independent personalized logistics division within bpost. 13.12.2016 Company Press Release(s) OFP Atlantique in OFP Atlantique, a French railways company, is seeking an investor after talks with investors its peer Euro cargo (a subsidiary of German logistic group DB Schenker) (translated) decided to sell its 24.9% stake, Atlantique Presse Information reported. The French news portal credited OFP Atlantique President Philippe Guillard as saying that they are in talks with several unidentified bidders. Other OFP Atlantique shareholders include the Nantes Saint- Nazaire port (24.9%) and the La Rochelle port (50.2%). The company expects EUR 11m in turnover this year. 12.12.2016 Atlantique Presse Information Renfe and Adif mull Renfe and Adif, the two Spanish state-owned rail infrastructure possible merger - companies are studying a possible merger into a holding, Expansión report (translated) reported citing union sources. The eventual merger would take place more than 10 years after they split into two different companies to differenctiate the construction of railway transport lines from its management, and as a step prior to the opening of the sector to the competence, the paper noted. The potential integration was commented on a meeting between Adif's new president Juan Bravo and the workers' committee, the paper went on to report citing the same union sources. The transaction should be finally evaluated by the two companies' new Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2016 presidents Juan Bravo (Adif) and Juan Alfaro (Renfe), as well as by the new head of the Ministry of Public Works and Transport Iñigo de la Serna, the item reported. Other factors that have led to consider a possible merger are the failure of the liberalisation of the transport of the merchandise sector that began in 2005, and the decision to delay the entry of Renfe competitors in the transport of passengers sector until 2020. This decision will limit Adif's revenues, that come mainly from the toll that Renfe pays to use rail tracks and stations and which are used to amortize the investment made to construct them, Expansion pointed.