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15. October 2015 market – a focus Research Center on deals activity

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

APZ Direct acquired Swiss Post, the Swiss postal service, has acquired parcel delivery by Swiss Post company APZ Direct, a German press release stated. APZ will be integrated into Swiss Post's Direct Mail Company (DMC) unit. 230 employees will be retained, while a further 50 employees on hourly rates would not be kept on. Financial terms were not disclosed.

09.10.2015 Company Press Release (Translated)

SIRVA Worldwide SIRVA Worldwide Inc., a leading global relocation and moving services acquires Swiss provider, announced the expansion of its European network through the Access and MS acquisition of Swiss Access, a relocation service provider focused on Move Management serving the needs of international companies and their employees, and MS Move Management, a residential moving specialist. Both companies are based in the Lausanne/Geneva region of Switzerland. Financial terms of the acquisition were not disclosed. Swiss Access and MS Move Management provide a full range of relocation and moving services to multinational organizations, corporate Human Resources departments and employees in Switzerland and around the world. Their services include relocation management, visa & immigration administration, destination services, temporary housing, home finding, settling in services, tenancy management, household goods move management and intercultural & language training.

08.10.2015 Company Press Release(s)

Versand und Versand und Weiterverarbeitung Hagen, a German provider of business Weiterverarbeitung support services, has filed for insolvency, according to a German- Hagen files for language press release. The court appointed Christian Kaufmann of insolvency PLUTA Rechtsanwalts as administrator. Versand und Weiterverarbeitung Hagen has 260 employees and is part of the Stark Group, Bremen.

02.10.2015 Company Press Release (Translated)

Russian Railways to (RDZ) has decided to withdraw from the privatisation withdraw from tenders of three Greek companies, TRAINOSE, Rosco and Thessaloniki privatisation Port Authority (OLTH), Euro2day reported, citing RDZ. The company’s tenders of BoD took this decision late on Wednesday, 14 October, and will seek the TRAINOSE, Rosco approval of the Russian government, the Greek-language report said. and Thessaloniki RDZ’s change of strategy is probably attributed to its new CEO, Oleg Port Authority Belozerov, the report added. (translated) 15.10.2015 euro2day

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

Cleveron aims to Cleveron, a private Estonian automated parcel delivery solutions raise around EUR company, will be looking to raise around EUR 30m in three to six 30m – co-owner months in order to implement its technology of a parcel pick-up service in Europe, said co-owner Peep Kuld. The company would look for a financial investor that could acquire around 10% for this sum, he said, stressing that all these numbers are preliminary. The owners will decide upon mandating advisers when its business plan and investment prospect are ready, Kuld added. The raised capital would be used to produce, install and start operating the network of 1.000-1.200 newly developed automated parcel terminals called Packrobot, the co-owner said. Packrobot is a one-size-fits-all solution built to deal with so-called “last mile” delivery issues, such as failed deliveries, temperature sensitive packages, security and other, according to the website of the company. The EUR 4.2m turnover Cleveron has been working on this technology, targeted for e-commerce companies mostly, during the last five years, Kuld said. Once the investment is received, the turnover of the company should jump to EUR 100m to EUR 200m in two to thre years, whereas EBITDA would stand at EUR 20m to EUR 60m, the co-owner said. The estimation is based on existing pre-agreements and “other available information,” he said without specifying.

15.10.2015 Proprietary Intelligence

Mense files for Mense Verpackungen Export Logistik, a German logistics company, has insolvency filed for insolvency, according to EUWID. The news item said that the (translated) court appointed Thorsten Klepper of Klepper und Partner as administrator. Citing managing partner Peter Mense the article said that the step was necessary after the cancellation of a major order. The company has 80 employees.

13.10.2015 EUWID

Orey Financial Orey Antunes, the listed Portuguese shipping and transport group, is Holdings 50% stake considering the sale of a 50% stake in Orey Financial Holdings (OFH) could be sold by which could also undergo an IPO, reported Diario Economico. Orey is Orey Antunes; IPO mulling the sale of the stake in OFH, the business paper said, citing a also possible - report from ARC Rating, as part of a plan to restructure its medium to report (translated) long term debts. OFH's opening to new investors could also involve an IPO, sources close to the process told Diario Economico. Orey is close to buying a strategic stake in Inversis, the Spanish bank, the item said.

12.10.2015 Diario Economico

Indian and Spanish Indian and Spanish groups are interested in bidding for the PHP 170bn groups interested in (USD 3.8bn) North-South Commuter Railway, the Manila Bulletin bidding for USD reported. The report cited Cosette Canilao, the executive director of the 3.8bn North-South Public-Private Partnership (PPP) Center, who said that several unnamed Commuter Railway companies have requested that the government push back the 15 October deadline for the railway project's submission of pre- Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

qualification documents. Other interested bidders include an Indian conglomerate and an unnamed Spanish company. Additionally, Aboitz Equity Ventures [PSE:AEV] is said to be interested in bidding, according to the article. So far, only Metro Pacific Investments [PSE:MPI] and San Miguel Corp [PSE:SMC], the two listed diversified Philippine companies, have purchased bid documents for the auction. A report in the Philippine Daily Inquirer added that Ayala Corp [PSE:AC] is still interested in the deal, citing the group's managing director, John Francia. North-South Commuter Railway is the Philippine project that seeks to link Calamba in Laguna with Malolos in Bulacan.

11.10.2015 Manila Bulletin

DSV agrees to The DSV Group ("DSV") today signed an agreement to acquire US based acquire UTi UTi Worldwide Inc. (”UTi”), according to a stock exchange Worldwide at an EV announcement. UTi is a global, supply chain services and logistics of around USD company with revenue of USD 3.9bn and 21,000 employees in 58 1.35bn countries. The combined company will be one of the world's strongest transport and logistics networks. DSV today entered an agreement to acquire UTi at the price of USD 7.10 in cash per ordinary share. The total transaction implies an enterprise value of approximately USD 1.35bn. The per-share consideration represents a premium to the ordinary shareholders of approximately 50% compared to the closing price of UTi on 8 October 2015, and a premium of approximately 34% compared to the 30-day volume-weighted average closing price. The Boards of Directors of DSV and UTi have unanimously approved the transaction. Kurt K. Larsen, Chairman of the Board of DSV, comments: "It is a great pleasure for me to announce the first step towards the combination of UTi and DSV. We complement each other perfectly, both in terms of business activities and geography. Together, we will be even stronger and able to capitalise on business synergies as well as a greater global reach to the benefit of shareholders, customers and employees. We look forward to joining forces and welcoming our new colleagues from UTi to DSV." Roger MacFarlane, Chairman of the Board of UTi, comments: "We are operating in an industry where increasingly scale is critical. Joining forces with DSV delivers substantially greater client value and many future opportunities for our people while it is financially very attractive for our shareholders. As a result, the Board of Directors of UTi has unanimously approved the agreement with DSV and strongly recommends that our shareholders accept the offer." Holders of ordinary shares of UTi will receive cash consideration of USD 7.10 per ordinary share upon closing of the acquisition by way of merger. Following the merger, UTi will become an indirect wholly-owned subsidiary of DSV. The total transaction implies an enterprise value of approximately USD 1.35bn.

09.10.2015 Stock Exchange Announcement(s)

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

Log-In to decide on Log-In Logistica Intermodal [LOGN3:BZ], a Brazilian-listed shipping PE entry or spin-off firm, will decide in the coming weeks the format of its corporate – report restructuring process, Valor Economico reported. Citing sources familiar (translated) with the matter, the business daily said the company considers either the entry of a foreign private equity fund or a spin-off for its port and shipping assets. According to the Portuguese-language newspaper, Terminal de Vila Velha (TVV), a port specialized in containers located in Espirito Santo state, has attracted the interest of several foreign companies, including Denmark’s Maersk. Log-In has annual sales of about BRL 1bn (USD 259.6m).

08.10.2015 Valor Economico

Deutsche Bahn The state-owned German transport group has confirmed hires Lazard to that it has appointed the investment bank Lazard to examine options for advise on options its DB Arriva and DB Schenker subsidiaries, The Times reported. The for Arriva and DB newspaper quoted a spokesperson who said last night, 6 October that Schenker Deutsche Bahn is looking for investors for its international subsidiaries Arriva and DB Schenker. Arriva is a UK-based bus and train operator, while DB Schenker is a rail freight operator. The appointment of Lazard could lead to Arriva being floated, the item said, without citing a source for the claim. The newspaper estimated a potential GBP 2.5bn (EUR 3.38bn) flotation value for Arriva, which Deutsche Bahn acquired in 2010 for approximately GBP 1.5bn. Arriva reported an underlying operating profit of EUR 498m on EUR 4.5bn sales in 2014, the article said. Background: Deutsche Bahn announced on 28 July that it would consider partially privatising DB Arriva and DBB Schenker Logistics.

07.10.2015 The Times (London)

CFR Calatori should CFR Calatori, the Romanian state-owned passenger railways company, launch IPO for a could sell a stake of up to 15% stake on the bourse, the Romanian 15% stake, watchdog language daily Bursa reported. The item quoted Vasile Seclaman, official says director of the Competition Council’s Railway Supervisory Division. (translated) Seclaman went on to explain that CFR Calatori accounts for 79% of the Romanian passenger railway market and that the government should put an end to this quasi monopoly. Seclaman suggested that the government should sell between 10% and 15% of CFR Calatori’s share capital via an initial public offering, so as to avoid allowing a privately owned company to control the market. Last year CFR Calatori generated a net profit of RON 69m (EUR 15.6m) on a turnover of RON 2bn (EUR 452.7m), from losses of RON 408m and a turnover of RON 1.64bn in 2013, as per a separate report by the Romanian language daily Ziarul Financiar.

07.10.2015 Bursa

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

Wabtec to buy Wabtec Corporation (NYSE: WAB) has signed a definitive share Faiveley Transport purchase agreement to acquire from members of the Faiveley family 51% stake for USD approximately 51% of Faiveley Transport S.A. (euronext paris:LEY), a 1.8bn leading global provider of value-added, integrated systems and services for the railway industry with annual sales of about USD 1.2bn. On 27 July, Wabtec announced that it had made an irrevocable offer to acquire these shares. Faiveley Transport has now completed required labor group consultations and the majority shareholders have accepted the Wabtec purchase offer. Wabtec has also entered into a definitive tender offer agreement with Faiveley Transport and a definitive shareholders agreement with the majority shareholders of Faiveley Transport. Closing of the transactions is subject to various customary conditions, including completion of remaining regulatory requirements. Under the share purchase agreement, Wabtec plans to purchase the shares for USD 112.72 (EUR 100) per share, payable 25% in cash and 75% in Wabtec preferred stock, mandatorily convertible after three years into a total of approximately 6.5 million Wabtec common shares. Upon completing the share purchase, Wabtec will commence a tender offer for the remaining publicly traded Faiveley Transport shares. The public shareholders will have the option to elect to receive USD 112.72 (EUR 100) per share in cash or Wabtec preferred stock. As is the case in the purchase of the Faiveley family block, no more than 75% of the consideration payable to the public shareholders can be in Wabtec preferred stock. The total purchase price is about USD 1.8bn, including assumed debt. Wabtec plans to fund the cash portion of the transaction with cash on hand, existing credit facilities and potentially other debt financing. The strategic combination of Wabtec and Faiveley Transport will create one of the world's largest public rail equipment companies, with revenues of about USD 4.5bn and a presence in all key freight rail and passenger transit geographies worldwide.

06.10.2015 Company press release.

Imperial Holdings Imperial Holdings, the JSE-listed logistics group, today announced that to sell Neska stake it plans to dispose of its 65% stake in Neska Schiffahrts Und for EUR 75m Speditsionskontor (Neska) to Hafen und Guterverkehr Koln (HGK) for EUR 75m: Shareholders are advised that Imperial has signed an agreement to dispose of the group’s 65% stake in Neska to Häfen und Güterverkehr Köln (‘HGK’), the Port Authority in Cologne, Germany, and the current 35% minority shareholder in Neska (“the Proposed Transaction”). HGK is headquartered in Cologne and is controlled by Stadtwerke Köln GmbH, which in turn is 100 percent owned by the City of Cologne. Neska is a subsidiary of Imperial Logistics International B.V. & Co. KG, the group’s holding company for its non-African international logistics operations. Neska offers solutions in intermodal container shipping as well as in conventional break bulk and bulk freight market. With its 23 sites, Neska group handles trans-shipment, storage and transportation for a wide variety of goods (bulk, paper, metals) moving Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

them across an international transport network comprising roadways, railways and waterways. Neska is facing growing competition from established players with more scale, a better market positioning and pricing power. As a result, Neska’s growth prospects under Imperial’s ownership are limited and the value of Neska will be better advanced by owners with established capability and scale such as HGK. Therefore, and consistent with its espoused strategy to invest in its core capabilities, Imperial has decided to dispose of Neska. HGK will acquire 65% of the ordinary shares of Neska for a total net purchase consideration of EUR 75m (“the Purchase Consideration”), which includes the discharge of shareholder loans of EUR 24m. The effective date of the Proposed Transaction is 1 July 2015. The proceeds from the proposed transaction will be invested in due course in the expansion of the group’s core businesses while initially reducing short term debt. HGK’s major shareholders are the City of Cologne and other municipal enterprises. Due to this shareholder structure, the potential transaction is subject to public approval procedures.

05.10.2015 Stock Exchange Announcement(s)

PKP looks to PKP Intercity, a passenger transport subsidiary of Polish state-owned privatise PKP railway group PKP, will be privatised in 2018, a Polish newswire Intercity in 2018 reported, citing PKP President Jakub Karnowski. The Polish Treasury with treasury will retain the controlling stake in the company, Karnowski told PAP on retaining 2 October. The privatisation will be through a stock exchange listing, he controlling stake noted. In 2014, PKP Intercity posted more than PLN 54m (USD 14.2m) (translated) net loss, as reported.

05.10.2015 news wire round up

PostNL continues Following the strategic review of the international activities that was strategic review of announced in the beginning of May, PostNL has decided to continue to German activities, invest in the development of its Italian operations (Nexive). Nexive to maintain contributes positively to PostNL’s results and has growth potential in the investment in Italian market for mail and parcels with its own last mile delivery Italian operations network. PostNL supports local management and expects that they will be able to grow Nexive’s market share by expanding its customer base, increasing the geographical spread of the Formula Certa network as well as offering additional value added services to its customers. Also Nexive’s parcels network shows good prospects for profitable growth. The strategic review of the activities in the United Kingdom resulted at the end of July in an agreement on the main conditions of an intended management buy out of Whistl. The strategic review of the German activities is ongoing. Nexive has been operating in Italy since 1998. Its more than 5,500 employees and partners currently handle about 500m items a year, reaching about 80% of Italian homes.

02.10.2015 Company Press Release(s) (Edited)

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

Helsingin Helsingin Bussiliikenne, the Finnish transport company owned by the Bussiliikenne could city of Helsinki, could be sold to Koiviston Auto, the Finnish transport be sold to Koiviston business, according to Kauppalehti Online. The Finnish language piece Auto (translated) cited a city councilors’ meeting as a source for its story and wrote that the deal is dependent on the city’s decision which could be made by the year end. Helsingin Bussiliikenne is set to have a turnover of EUR 75m this year.

02.10.2015 Kauppalehti Online

VR could privatize VR, the Finnish state-owned railway, could privatize its passenger traffic passenger business, according to Tekniikka ja Talous. The Finnish language piece operations - report cited a news item published by Demari, a political paper, featuring an (translated) interview with transport minister Anne Berner. Berner said said the government's intention is to open up VR’s passenger business to competition. In 2007, VR planned to privatize its cargo business, but saw scant interest due to heavy investments required, the piece said. VR made revenues of EUR 1.37bn in 2014.

02.10.2015 Tekniikka ja Talous

BDZ Cargo: Give Sofia-based Give Consult has been mandated by the government as Consult mandated adviser for the sale of cargo company BDZ Cargo, according to assist with to a spokesperson for the Bulgarian Privatisation Agency. The 100% privatization stake in the company will be offered, the spokesperson noted. The sale is expected to be launched in March or April, with the aim of selecting a buyer by the end of next year, the spokesperson told Mergermarket. A Russian investment fund has expressed interest in the asset, the spokesperson said without identifying the fund. According to a news report, the State Fund of Development of North-West Russian Federation is interested in BDZ Cargo. Other interested parties include rail cargo operators from Romania and Austria, an adviser who follows the process said. The asset is likely to draw interest from European rail cargo operators as it is an attractive target for strategics looking to expand their presence in southeast Europe, the adviser added. The valuation of BDZ Cargo was estimated by experts as USD 60m, according to a report in July. The company has 65% market share in Bulgaria and handled 8.7m tonnes of freight. A previous privatisation attempt was canceled in 2013.

01.10.2015 Proprietary Intelligence

Sporty Transport og Sporty Transport og Budservice, the Norwegian transportation Budservice to be company, is to be acquired by its Swedish peer, Best Transport, acquired by Best according to a company press release. Best's Managing Director, Peter Transport Lennartsson, commented that Sporty is a strong market player with a good relationship with its clients, so it will make an excellent addition to Best. Sporty expects a 2015 turnover of NOK 65m (EUR 6.8m).

01.10.2015 Company Press Release (Translated)

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

Mladinska knjiga Slovenia’s top publishing house Mladinska knjiga has sold its logistic sells logistic arm to division to the state-owned mail service company Posta Slovenije for Posta Slovenije roughly EUR 13m, Slovenia Times reported. The Slovenian daily cited Boris Novac, Posta’s general manager, who added that the company’s newly acquired logistic business would generate annual revenues worth EUR 5m.

01.10.2015 The Slovenia Times

Contrail 16% stake Eurogate, a German container operator, has entered the Brazilian acquired by market after acquiring a 16% stake in logistics company Contrail Eurogate Logistica, Valor Economico reported. Terms of the deal were not (translated) disclosed. Citing Eurogate President Thomas Eckelmann, the business daily said the German group has the option to purchase a further 16% stake in Contrail by 2018. Eurogate purchased 10% stake in Contrail from holding company EDLP, and 6% stake from Banco BTG Pactual, the item said. Contrail transports containers to Santos port, the most important in Brazil, through MRS Logistica’s rail network. The project is valued at BRL 1.1bn (USD 274.7m), the Portuguese-language newspaper noted.

29.09.2015 Valor Economico

Coca-Cola Iberian Coca-Cola Iberian Partners has acquired the 30% stake in Madrid Eco Partners acquires Platform it did not already own, Alimarket reported on 28 September. remaining 30% Madrid Eco Platform was created two years ago to handle the transport stake in Madrid Eco and logistics of Coca-Cola in Spain, the Spanish-language report said, Platform – report citing people close to the beverage multinational. Prior to this recent (translated) transaction, Madrid Eco Platform was owned by a company called Famema 78, the report said. Despite a recent fall in its equity capital that led to the need for a EUR 1.4m capital increase, the company managed to double its sales from EUR 17.9m in 2013 to EUR 38.38m in 2014, the report said.

29.09.2015 Alimarket

MSC hires Mediterranean Shipping Company (MSC) mandated Cuatrecasas as Cuatrecasas for lawyer in its EUR 53m acquisition of CP Carga, the Portuguese state rail EUR 53m CP Carga freight group, which still awaits clearance from the Adc Competition acquisition; deal Authority, reported Diario Economico. Sources familiar with the process awaits anti-trust told the Lisbon business paper that MSC inked purchase agreement with green light - report the Portuguese government on 21 September and the privatization of CP (translated) Carga now needs approval from the AdC.

29.09.2015 Diario Economico

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

TransContainer Public Joint Stock Company TransContainer ("TransContainer" or the opts to hold its "Company") (LSE: TRCN) announces that, on 25 September 2015, its interest in JSC Board of Directors cancelled its decision to dispose of the Company's Kedentransservice 50% equity stake in Logistic System Management B.V. to JSC National Company Temir Zholy ("KTZ"). This reverses a decision taken on 18 February 2015 when it approved the disposal of the equity stake. Logistic System Management B.V. controls 100% of the share capital of JSC Kedentransservice, a leading Kazakhstan rail container and terminal operator. Last week it was reported that the stake had been earlier valued at USD 60m.

28.09.2015 Stock Exchange Announcement(s)

Eurotrans Group The Eurotrans Group, a Russian railway-based transportation and seeks investors for logistics services provider, plans to sell up to a 50% stake to generate up to a 50% stake additional growth capital, CEO Alexander Doroshenko said. The sale privately held group is ready to finalize a deal at any time this year. Doroshenko could not put a price tag on the equity that could be on sale or on the whole group, as it has not undergone any official valuation. However, the Eurotrans Group's key business indicators include its annual revenue that averages over USD 100m, a workforce of over 60 employees and operation hubs across Russia. These hubs include the group's corporate headquarters in Chelyabinsk and representative offices in Moscow and Yekaterinburg, Doroshenko said. The equity capital will be used to buy new rail wagons to boost the group's transportation and logistics services.

27.09.2015 Proprietary Intelligence

Omniva to form Eesti Post (Omniva), a state-owned Estonian postal services and logistics joint venture with company, will form a joint venture with 's SF Express, according to SF Express the following press release on September 24: International logistics company Omniva will establish a joint enterprise with China's largest private-capital-based courier company SF Express in order to mediate goods between China and Europe in a faster and more efficient manner. While the joint enterprise called Post11 is registered in Estonia, the plan is to expand its activities all over the world. “The goal is to expand the business model all over the world, to forward shipments between different countries and to expand in the value-chain of e-commerce with new solutions,” explained Aavo Kärmas, Chairman of the Management Board of Omniva. For Estonian consumers, the establishment of the joint enterprise and a direct connection with China is primarily providing faster shipments of goods from Chinese e-stores to the client. According to Kärmas, Omniva has been cooperating with SF Express for over a year and the establishment of the joint enterprise is a logical continuation of the cooperation so far.

25.09.2015 Company Press Release(s)

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

Rail Cargo Group Rail Cargo Group [RCG], the cargo subsidiary of state-owned Austrian acquires EBM Cargo railway group Oesterreichische Bundesbahnen [OBB], has taken over for an undisclosed German rival EBM Cargo. RCG issued the following statement: The Rail fee Cargo Group [RCG] continues to expand in-house production in its target markets between the North Sea, the Mediterranean and Black Sea. The takeover of the private German rail operator EBM Cargo further enlarges RCG's carrier portfolio, enabling the group to now also offer a one-stop-shop for end-to-end production in Germany. Buying EBM Cargo, now rebranded into Rail Cargo Carrier - Germany, will further strengthen Rail Cargo Group's position on the European rail freight market. Founded in 2010 and headquartered in Gummersbach near Cologne, EBM Cargo is a profitable railway undertaking with an annual turnover of approx. EUR 5m and extensive knowledge of the Rhein-Ruhr area. Rebranded into Rail Cargo Carrier - Germany, EBM Cargo is now part of the Rail Cargo Group carrier portfolio, which covers freight operators running under the "Rail Cargo Carrier" umbrella brand in RCG's core markets of Austria and Hungary, plus eight other European countries. Rail Cargo Carrier - Germany will managed by Frank Zelinski, one of EBM Cargo's two founders, alongside Anton Forstner of Rail Cargo Group's Production Management Division.

25.09.2015 Company Press Release*

Belgian road Belgian road transportation company Group Joosen is looking for a haulier Group buyer or merger partner, director and owner Kurt Joosen said. A Joosen for sale; logistics company with a similar organizational structure could help the eyed by De Vreese entity to achieve synergetic benefits. Such a buyer could provide short- Logistic term savings for the company, the director of the Antwerp-based firm said. Whilst a partnership or merger would be ideal, a takeover is negotiable, said Joosen. The main goal of Joosen is to create a long-term perspective for his company. Joosen has not hired advisors yet, but is willing to do so. Oudenaarde-based De Vreese Logistic could be interested in the target, its managing director, Filip de Vreese, told Mergermarket. It is not actively looking for acquisitions at the moment but sees the target as a good opportunistic buy, the CEO said, declining to comment further. Group Joosen owns one hundred trucks and has a turnover of over EUR 20m. Last year the firm suffered a net loss of EUR 600k, as a result of the high costs of recent investments. So far in 2015, the loss is limited to EUR 60k, Joosen said. The 20-year old company employs 120 workers and specializes in container transportation from the harbours of Antwerp, Rotterdam and Zeebrugge. At present, Joosen is busy almost doubling its company site in Antwerp from 35.000 m2 to 63.000 m2, to increase the capacity for short-term storage of containers. Kurt Joosen, 44, took over the company from his father. He has held all the shares since 2012. In the past three years, the Joosen Group has expanded from 35 to 100 trucks.

24.09.2015 Proprietary Intelligence

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

Keolis to buy French public transportation group Keolis will acquire a minority in minority stake in London-based mobile ticketing services company Masabi, Keolis CEO Masabi - execs Jean Pierre Farandou and Head of Marketing Innovation and Services Laurent Kocher told this news service. The move is part of Keolis’ strategy of buying up minority stakes in mature start-ups that develop mobile transportation services, Farandou and Kocher said on the sidelines of an event showcasing the group’s new digital strategy. Masabi and Keolis on 23 September announced a partnership to offer mobile ticketing software. Keolis will initially incorporate Masabi’s mobile ticketing technology into a mobile application for passengers as part of Keolis’ PlanBookTicket strategy. Masabi offers mobile ticketing and fare collection services. With a turnover of EUR 5.6bn, Keolis will not launch a full takeover of Masabi as it intends instead to strengthen the companies’ collaboration for developing new mobile solutions, Farandou said.

23.09.2015 Proprietary Intelligence

GEFCO to acquire The GEFCO Group, a global player in logistics for manufacturers and the IJS Global from European leader in automotive logistics, has signed an agreement with Nimbus the private equity fund Nimbus to acquire the Dutch company IJS Global, specialised in air and sea freight operations. The complementary nature of the GEFCO and IJS Global businesses – with regard to expertise, geographic networks and customer portfolios – will create value for all of the stakeholders: customers, partners, suppliers and employees. This acquisition, which is fully in line with GEFCO’s and IJS Global’s growth strategy, will position this new entity as the preferred partner of international manufacturers in their search for growth and competitiveness. It will result into a broader range of global logistics services, dedicated to the optimisation of complex supply chains. Founded in 2004, IJS Global is a freight forwarding company specialised in the fields of air and sea. Its head office is located in Amsterdam, in the Netherlands. The company currently has around 500 employees and generated turnover of EUR 160m in 2014.

23.09.2015 Company Press Release(s) (Edited)

Transcontainer BoD TransContainer, a Russian freight transport company controlled by to examine sale of RZD, will examine on 25 September the sale of a 50% stake in Kazakh 50% stake in rail container and terminal operator Kedentransservice to the state Kedentransservice railway operator National Company (KTZ). to KTZ on 25 This was according to a report in the Russian- language daily Vedomosti September that cited a Transcontainer press spokesman. Transcontainer holds the (translated) stake via Netherlands-registered vehicle Logistic System Management, the report noted. The stake is worth USD 60m, according to a previous report. The sale of the stake had been suspended indefinitely, a previous report on 31 August claimed.

22.09.2015 Vedomosti

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

UK government’s The UK government is open to all options for Network Rail, including train tsar confirms privatisation, state-appointed train tsar Nicola Shaw has confirmed. The Network Rail Sunday Times reported that Shaw, who has been tasked with drawing up privatisation under a new plan for the funding and structure of the UK’s rail network, will consideration look at ways to cut the company’s GBP 38bn (USD 59bn) debt. Shaw will consider whether Network Rail should be completely privatised or continue to receive direct government funding, or whether other companies should be given concessions to operate areas of track, the item reported. Shaw has been in post since July and is expected to report back to the Department for Transport and the Treasury by the autumn, with a full report scheduled before the next national budget in March, the report said.

20.09.2015 Sunday Times

Transports Jean Transports Jean Devay, a transportation company located in Carquefou, Devay bought by France, has been sold by its directors to its local competitor Chatel, WK Groupe Chatel Transport Logistique reported citing the bidder's PR manager (translated) Frederique Chatel. Transports Jean Devay has a workforce of 70 and generates EUR 8m turnover, the French-language piece mentioned.

18.09.2015 WK Transport Logistique

Give Svaergods Give Svaergods Transport, the Scottish wind turbine transportation Transport acquired company, has been acquired by its Danish peer, Give Goodwind, by Give Goodwind according to Borsen. The Danish business daily cited Give Goodwind's (translated) Managing Director, Hans Ove Dahl, who said that the company expects a significant growth in turnover for the financial year 2015/2016 compared to its record year of 2013/2014 when it reported a turnover DKK 220m (EUR 29.5m) thanks to the fact that it now operates in seven markets. The item noted that Give Goodwind was created a few years ago from the reconstruction of the Danish company, Give Svaergods. The paper wrote that Give Svaergods' Scottish subsidiary was acquired by its manager in conjunction to the reconstruction and the company has now become Danish-owned again..

18.09.2015 Borsen

Moscow Metro to The Moscow Metro is set to acquire a 50% stake in Moscow Railway acquire 50% of Ring Road (MKZhD), Kommersant reported. The item cited a statement Moscow Railway by FAS, the Russian antitrust regulator. The Russian-language daily Ring Road noted that the vendor is RZD, the Russian railway network, which (translated) wished to sell the stake because it does not have the resources to invest in the company. The item noted that RZD took the decision when it was asked to take part part in a RUB 13.5bn recapitalisation. The item added that the deal value will be RUB 2.5bn (USD 38m), equal to the amount that RZD has already put into MKZhD.

18.09.2015 Kommersant

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

Jardel takeover Jardel, a French family-owned refrigerated transportation company, has backed by Bpifrance been taken over by Director Dimitri Goineau. This was announced by and Multicroissance investment group Bpifrance, which backed the transaction alongside its peer Multicroissance through a EUR 1.6m investment. Jardel generates EUR 100m turnover with 1,100 staff members.

18.09.2015 Company Press Release (Translated)

Acos files for Acos, the Bremen, Germany-based logistics group, has filed for insolvency insolvency, DVZ reported. The news report cited for the information the (translated) insolvency administrators Axel Gerbers of Johlke, Niethammer & Partner as well as Ralph Bünning and Tim Beyer of Schultze & Braun. The proceedings involve Acos Holding, Allround Container Service Helmut Frank, Acos Transport Helmut Frank and HWS-Holtkemper Werkstattservice. Acos business units inland waterways and are not affected, the German-language report said, adding that the Acos group consists of eight companies in which Acos holds various stakes. Company founder Helmut Frank passed away last month, according to the report. His family as well as some employees own 49.9% of Acos with the same stake held by Eurogate Intermodal since 2009. The group has 185 employees.

17.09.2015 DVZ

National Express National Express Group PLC is pleased to announce it has been named named preferred preferred bidder for a contract to operate buses in Porto, Portugal. The bidder for Porto bus bid was led, and the services will be run, by National Express' Spanish contract business, ALSA. The contract will run for 10 years and is expected to generate revenues of around EUR 500m over the life of the contract. National Express' services will carry more than 75m passengers a year, on approximately 420 buses. National Express will now enter into standard further discussions with the relevant authorities to conclude the contract. The contract is expected to start in the first quarter of 2016. Dean Finch, National Express Group Chief Executive, said: "National Express is delighted to have been named preferred bidder for the Porto bus contract. This success is further evidence of our strong international credentials opening up new market opportunities. "We will continue to assess other opportunities that meet our strict returns criteria. As in this Porto bid, our focus will remain on delivering excellent services for passengers alongside good returns for shareholders and taxpayers alike." National Express has been named preferred bidder by the Board of Sociedade de Transportes Colectivos do Porto, S.A. (STCP). National Express Group is a leading international public transport group, operating bus, coach, rail and tram services across the UK, continental Europe, North Africa, North America and Bahrain.

17.09.2015 Company Press Release(s) (Edited)

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

Theodor Wille ADS, Inc., a leading provider of value-added logistics and supply chain Intertrade to be solutions, announced that it has entered into a definitive agreement with acquired by ADS the shareholders of Theodor Wille Intertrade (TWI) to acquire all of the outstanding shares of TWI. TWI, headquartered in Zug, Switzerland, with operating subsidiaries in Germany and the United Arab Emirates, is a global provider of integrated supply chain solutions to customers primarily operating in the United States European Command (EUCOM) and the United States Central Command (CENTCOM) regions. TWI delivers construction materials, equipment, hardware, food and food services as well as provides logistics and transportation management services to the US military and other large government contractors.. The transaction will close, following satisfaction of certain conditions and approvals, which is currently projected to occur in the fourth quarter of 2015.

16.09.2015 Company Press Release(s)

Posta Romana’s sale Posta Romana, the Romanian mail service company, will have to change strategy should its sale strategy and opt for an IPO, the Romanian language news agency focus on IPO Hotnews.ro reported. The item quoted Alexandru Petrescu, Posta’s (translated) general manager, shortly after bpost, Belgium’s mail service company, decided not to submit a final offer for a 51% stake in the Romanian company. Petrescu went on to explain that bpost’s offer failed to match Posta’s financial revival which last year led to a EUR 5m net profit after five consecutive years of losses. The Ministry for Information Society which holds a 75% stake in Posta asked the government to revise the company’s sale strategy, considering its much improved situation, as per a press release issued on Tuesday. In the first seven months of 2015 Posta Romana generated a net profit of RON 18.3m (EUR 4.1m) on revenues of RON 655m (EUR 147m), according to a separate report by the Romanian language daily Wall-Street.

16.09.2015 HotNews.ro

Alpetour’s majority Arriva Dolenjska, the Slovenian subsidiary of bus operator Arriva, will stake goes to Arriva acquire a 59.21% stake in Alpetour, the Slovenian bus and tour operator, according to an announcement by the Slovenian Competition Protection Agency (SCPA), which has approved the takeover agreement. The SCPA’s announcement stated that the deal had to also be approved by the German anti-trust authority. A separate report by Slovenian Times said that Arriva had put Alpetour’s overall value at roughly EUR 25m, by offering EUR 55 per share. The Slovenian subsidiary of Arriva, part of Deutsche Bahn, would have to launch a mandatory takeover offer for the rest of Alpetour’s listed shares, the report noted. Alpetour generated net profits of EUR 2.6m on sales of EUR 17m in 2014, the report said.

16.09.2015 Regulatory Authority Press Release (Translated)

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015

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