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, March 2017 www.pwc.de Deal News Transportation & Logistics What's up in your 15. March 2017 market – a focus Research Center on deals activity Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, March 2017 Kuehne-Nagel looks Kuehne-Nagel Nakliyat, the Switzerland-headquartered logistics to take over Zet company, is looking to take over the Turkish logistics firm Zet Farma Farma Lojistik Hizmetleri. Turkey's Competition Authority announced that it has received an application to approve the takeover of Zet Farma by Kuehne-Nagel. 15.03.2017 Stock Exchange Announcement SG-Trans denies SG-Trans, the Russian railway operator specializing in transportation of affiliation with petroleum and LPG products, has denied information about its Brunswick Rail affiliation with a possible buyer of Brunswick Rail, reported possible buyer Kommersant. The Russian newspaper cited information received from (translated) SG-Trans, explaining the company has no relation with the information provided by the Russian antitrust regulator FAS. FAS announced yesterday it had refused to approve an application of the British Virgin Islands-based Amalgam Rail Investments, for the acquisition of Brunswick Rail, the Russian freight railcar leasing company, the paper reported. FAS said that according to its information, the ultimate beneficiary of the proposed transaction is Ilya Belyaev, a member of the board of directors of SG-Trans. However, SG-Trans ensured that Belyaev was an invited company director, had exited the board of directors in 2016, and is not affiliated with the company shareholders, Kommersant reported. Amalgam Rail has already filed a complaint with the FAS, the paper reported. Amalgam Rail‘s complaint is being considered, the regulator told Kommersant. SG-Trans is going to send a refutation to FAS, the company confirmed to Kommersant. In early February, Brunswick Rail announced it found a buyer for the entire 100% stake in the company and that this buyer will be Amalgam Rail, the report continued. Amalgam Rail is owned by Brunswick Rail former CEO Vladimir Lelekov. The transaction was valued at USD 25m in previous reports. 14.03.2017 Kommersant Lieferfactory Hermes Europe GmbH, the German package deliverer owned by the majority stake mail order and e-commerce company Otto Group, has announced the acquired by Otto's acquisition of the majority of Lieferfactory (Liefery) as part of a capital Hermes increase. Financial terms of the deal were not announced. Liefery is a (translated) privately owned start-up company specialized in delivering online and offline purchased goods on the same day it was being ordered. As previously reported Hermes has acquired 28.5% stake in Lieferfy in July 2015 for a reported valuation of EUR 10m. 09.03.2017 Company Press Release (Translated) Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, March 2017 Bpost no longer Bpost is no longer working on an acquisition of Dutch competitor working on PostNL PostNL, Bpost CEO Koen Van Gerven remarked in an interview with De acquisition; Sandd Tijd. Bpost made two separate approaches on the Dutch postal service in not a target 2016. Van Gerven remarked he's not working on the file at present but (translated) he is presented with potential smaller targets on a weekly basis, he said in the item. Sandd, a commercial Dutch postal firm is not a potential target for Bpost, as it employs a different business model compared to Bpost, the CEO said. 09.03.2017 De Tijd AGRO Merchants AGRO Merchants Group, an Atlanta, Georgia-based provider of cold Group acquires storage and logistics solutions backed by Oaktree Capital Management, Cold Land from has acquired Cold Land from Portuguese private equity firms Inter- Inter-Risco and Risco and Portugal Ventures. Terms of the deal were not disclosed. Cold Portugal Ventures Land, a provider of cold storage and logistics services, is the parent company of Frissul and Frigomato, which together recorded a consolidated turnover of EUR 18.8m in 2015, with 215 employees, according to Inter-Risco's website. The group was touted as the leading cold storage operator in Portugal, offering 303,200 cubic meters of storage capacity. AGRO Merchants was formed in 2013 with backing by Oaktree. A report last year by industry trade publication Fruitnet said Agro Merchants was looking to build its position in Latin America in coming months, drawn by demand driven by the region's fruit export industry. Excerpt from the press release: AGRO Merchants Group, a global leader in cold storage and logistics solutions, today announced the acquisition of Cold Land SGPS SA from funds affiliated with Inter-Risco, a premier Portuguese private equity firm, and Portugal Ventures, a venture capital and private equity firm. Cold Land is the parent company of Frissul and Frigomato, which together offer 303,200 cubic meters of storage capacity or the equivalent of 55,700 pallet positions, making it the leading cold storage operator in Portugal and a key player in the Iberian Peninsula. This latest acquisition for AGRO expands its footprint in a key strategic region and significantly broadens its capabilities and service offerings throughout the food supply chain. The current management team, led by CEO Afonso Almeida, will continue to lead the business in Portugal. 07.03.2017 Company website Deufol spun off Deufol SE [LOI:Xetra], the German packaging group, has sold their Activatis in MBO interest in Activatis GmbH in the course of an MBO-transaction led by Managing Director, Matthias Flörsch. Financial terms were not disclosed. Activatis (formerly Deufol Mitte GmbH) is a performer of logistic services with a strong focus on chemical logistics. According to the 2015 Annual Report, Deufol owns the 100% shares of Activatis which generated an annual sales of EUR 15.9m and had 361 employees. Press release: Deufol Group has sold their shares of Activatis GmbH. The reason for this transaction is the strategic focus on the business area Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, March 2017 "Industrial Packaging" as well as additional services related to this business area. The spinoff of Activatis GmbH was carried out through a Management-Buy-Out (MBO) under the lead of the Managing Director, Matthias Flörsch. Activatis GmbH develops and operates as a system partner for custom designed logistics solutions along the supply chain and has more than 30 years of experience in the field of air freight handling and chemical logistics. The recently developed "Smart Logistic Approach" is set to optimize the digitalization and automatization of supply chain processes and is consequently focused on the realization of efficiency increases within Industry 4.0. The management team will be strengthened thru the former KPMG-Expert Thomas Fischer. In his new position as Chief Digital Officer, he will further push the development of the "Smart Logistic Approach". 07.03.2017 Company Press Release(s) (Edited) Dutch national Nationale Spoorwegen (NS), the Dutch national railway, wants to sell its railway NS wants to retail activities as well as its regional concessions, reported Dutch daily sell retail activities, De Financiële Telegraaf. NS wants to focus on rail transportation on the regional main railway in The Netherlands. NS retail activities generated revenues concessions - report of EUR 359m in 2013. The yearly revenue of the entire rail company is (translated) around EUR 4.1bn. The company's works council disagrees with NS's strategy because it fears the railways are dismantling the strength of the company and is concerned about labour conditions for the company's 4,000 employees. 07.03.2017 De Financieele Telegraaf Skoda The sale of Czech privately owned producer and supplier of railway and Transportation sale municipal transport vehicles, Skoda Transportation to Railway Rolling to go ahead despite Stock Corporation (CRRC) is most likely to materialize despite delays, delays - report reported Lidove Noviny. The Czech-language item cited an unnamed (translated) source close to negotiations, saying that the agreement to sell Skoda to CRRC, a Chinese state-owned rolling stock manufacturer, will be signed within six months. The report noted that the delays took place as CRRC was not happy with its former due diligence advisors and had changed the advisory firm. However the identity of the advisors were not disclosed in the article. Skoda Transportation is owned by four private individuals and its 2015 sales reached CZK 18.3bn (EUR 677.1m). 07.03.2017 Lidove Noviny Serbia Railway The Serbian government is planning to sell assets of its railways, assets valued at Tanjug.rs reported yesterday, citing Zorana Mihajlovic, minister for EUR 129m to be construction, transportation and infrastructure. She said the value of the privatized disposable assets, following the breakdown of Serbian Railways into four (translated) units, is around RSD 16bn (EUR 129.4m). After a meeting with representatives of the International Monetary Fund, the minister said the government at its next cabinet meeting will decide about a tender to Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, March 2017 find directors for the four companies: Srbija voz, Srbija kargo, Infrastruktura železnice Srbije and Zeleznice Srbije. 01.03.2017 Tanjug RZD considering RZD, Russian state-owned railway company is considering a possibility possibility of selling of selling about a 25% stake in GEFCO to a portfolio investor, a Russian about 25% in newswire reported. Speaking to reporters, RZD President Oleg Belozerov GEFCO to a has said that the company is considering whether it needs the 75% stake portfolio investor, in GEFCO, the French logistics and transportation company, or it could Summa keep only the controlling stake, TASS reported on 27 February.