Topic
acquisition
Logistics Keyfield International Enters Dredging Market with $24.7m Vessel Acquisition
Keyfield International has acquired the 2016-built trailing suction hopper dredger Inai Kenanga for $24.7m, about 61% below its $63.7m fair-market value, according to Splash247. The vessel, bought from receiver-managed Inai Rimba, will be held in an SPV with Star Naval 1 and is slated for reactivation in 2027 for dredging and land reclamation projects in Malaysia and Singapore.
Logistics Midwest Carrier Behnke Acquires AG Freight, Gains Southeast Outpost Near Inland Port Greer
Michigan-based Behnke Dedicated & Logistics has acquired AG Freight for an undisclosed sum, gaining a Southeast outpost near South Carolina's Inland Port Greer. The deal, with Calder Capital advising Behnke, combines AG Freight's TL, LTL, expedited and drayage services with Behnke's Midwest dedicated trucking and warehousing operation.
Business ITC Hotels Evaluating Multiple Offers to Manage Luxury Hotels in Dubai
ITC Hotels is evaluating multiple offers from Dubai property owners to manage luxury and premium hotels, part of a West Asia expansion strategy. The company targets 250 operational properties with 22,000 keys by 2031, backed by 87 signings and a 77-hotel pipeline.
Logistics Life Couriers names Edward DeMartini CEO as JLL Partners acquires healthcare logistics provider
Private equity firm JLL Partners has acquired Munich-based Life Couriers, a healthcare-focused temperature-controlled logistics provider, and named Edward DeMartini as CEO. The deal positions the company to expand as the healthcare logistics market is projected to grow from $246 billion in 2024 to about $503 billion by 2034.
Logistics A.P. Moller Capital agrees to acquire majority stake in Moroccan logistics group Globex
A.P. Moller Capital has agreed to acquire a majority stake in Moroccan logistics group Globex Investissement, deploying capital from its newly established Morocco-focused fund. The Casablanca-based company operates express, road freight, forwarding, customs and warehousing services across Morocco, Senegal and Cameroon. Completion awaits clearance from Morocco's Competition Council.
Business Au Vodka Reportedly in Talks Over £500m Sale to BuzzBallz Owner Sazerac
Au Vodka, the Swansea-based spirits brand, is reportedly in talks over a £500m sale to Sazerac, owner of Southern Comfort and BuzzBallz. The deal, first reported by Sky News, could earn co-founders Charlie Morgan and Jackson Quinn more than £100m each, according to the BBC.
Logistics Diana Shipping withdraws Genco takeover after board rejects terms
Greece's Diana Shipping has withdrawn its takeover offer for Genco Shipping & Trading after the US bulker's board set terms Diana valued at about $36.91 per share, ending a nine-month battle. Diana's CEO called the demands "outrageous," but the company remains Genco's largest shareholder with more than 14% of stock.
Business Sports Direct owner Frasers Group buys Harvey Nichols and its six UK stores
Sports Direct owner Frasers Group has bought luxury department store Harvey Nichols, according to BBC News, taking control of its six stores, Knightsbridge flagship, international franchise and online business. The deal follows Harvey Nichols' appointment of an administrator in June and a warning that it faced ceasing trading within a year. Stores will continue to operate under their existing licensing.
Logistics China Merchants Renews Push for Control of Container Carrier Antong Holdings
China Merchants Group has accumulated a 24.84% position in Shanghai-listed Antong Holdings through its Sinotrans Container Lines unit, positioning it to become Antong's controlling shareholder. The move revives a consolidation effort after a 2024 share-issue deal was scrapped. A shareholder vote and early board election will decide control.
Logistics Fura Acquires Highrise in Seventh AI-Driven Freight Brokerage Roll-Up
Fura acquired Washington state-based freight brokerage Highrise, its seventh roll-up target. CEO Jeff Dangelo says the company onboards acquisitions in about a week using AI, which now sources nearly 40% of booked carriers. Fura's revenue grew from $10M to over $100M, with SG&A costs far below industry norms.
Logistics Fura Acquires Washington-Based Freight Broker High Rise Logistics in Seventh Roll-Up Deal
Fura has acquired Vancouver, Washington-based High Rise Logistics, marking the Cincinnati AI-powered 3PL's seventh acquisition, according to FreightWaves. High Rise brings flatbed, expedited, truckload, LTL, intermodal, drayage and warehousing services with a large Pacific Northwest presence. Financial terms were not disclosed.
Logistics Star Bulk walks away from $470.5m Genco fleet deal
Star Bulk Carriers has terminated its $470.5m agreement to acquire 16 Genco Shipping & Trading bulkers from Diana Shipping, according to Splash247. The move removes a key fleet component from Diana's takeover bid, though Diana said its offer and $1.411bn financing remain unaffected.
Business Hanwha lodges $1.2bn preliminary offer for Austal USA
Hanwha has lodged a preliminary offer worth up to $1.2bn for Austal USA, one of the most strategically important naval yards in America. The non-binding proposal through Hanwha Defense USA values the Mobile, Alabama-based business at between $1.05bn and $1.2bn, and now faces four weeks of due diligence and likely regulatory scrutiny.
Logistics Proficient Auto Logistics' latest deal pushes market share to 25%
Proficient Auto Logistics will acquire Hansen & Adkins for $130 million, creating North America's largest finished vehicle logistics platform with roughly one-quarter of the new car market. The deal adds 725 tractor-trailers and over $400 million in annual revenue. Proficient also posted a Q2 net loss of $3.9 million as industry capacity tightened.
Logistics ADNOC L&S spends $1.3bn on six VLCCs and five VLGCs in tanker swoop
ADNOC Logistics & Services has committed $1.3bn to acquire 11 tankers — six VLCCs and five VLGCs — via secondhand and newbuild resale deals. Nine ships arrive in Q3, two VLGC newbuild resales in Q4, lifting its VLCC fleet to 14 and VLGC fleet to 12.
Commodities BP Agrees to Acquire Woodside's Interest in Trinidad Deepwater Gas Project
BP has agreed to acquire Woodside Energy's 70% interest in the Calypso deepwater gas project in Trinidad and Tobago, raising its stake to 100% and taking operatorship. The deal, expected to close by the end of 2026, covers Block TTDAA 14, which holds 3.5 trillion cubic feet of natural gas reserves. BP is already the largest domestic gas supplier and holds a 45% stake in Atlantic LNG.
Business EasyJet agrees to £5.7bn takeover by US firm Apollo after Castlelake pulls out
EasyJet has agreed to a £5.7bn takeover by US firm Apollo, according to BBC Business. The deal was announced after rival suitor Castlelake said it was dropping out of the bidding. EasyJet employs more than 19,000 people and flies around 1,200 routes across 35 European countries.
Business Edelweiss arm EAAA acquires Grade A office park in Pune via RYP
EAAA, Edelweiss's alternatives arm, has acquired a Grade A office park in Pune through its flagship commercial real estate fund, Rental Yield Plus (RYP), covering approximately 1 million sq ft. The August 5, 2026 deal expands RYP's portfolio to 5.2 million sq ft, including about 1 million sq ft under binding contracts. The Edelweiss-owned platform manages ₹72,706 crore in assets across real assets and private credit.
Logistics Frontline Agrees to Sell Two VLCCs for $270m in Market-Clearing Deal
John Fredriksen's Frontline has agreed to sell two 2017-built VLCCs for $270m, or $135m per ship, in a deal analysts at SEB described as market-clearing. The sale is expected to generate a $110m gain and fund a $0.80 per share dividend, while revealing strong one-year charter rates of up to $110,000 per day.
Business David Ellison Defends $110bn Paramount-Warner Bros Discovery Merger in First Public Comments
Paramount Skydance chief executive David Ellison has publicly defended the $110bn (£86bn) takeover of Warner Bros. Discovery in an op-ed for The New York Times. He argues the merged company would command less than 20% of US TV watch time and pledges $30bn in annual content investment. The deal faces antitrust lawsuits from 12 state attorneys general, with a trial scheduled for 2 March 2027.
Business Saudi-Led Group Completes $55bn Purchase of Gaming Giant EA
A Saudi-led investor group including the Public Investment Fund and Affinity Partners has completed the $55bn (£41bn) acquisition of Electronic Arts, taking the gaming publisher private in what is thought to be the largest leveraged buyout in history. The deal, financed with $36bn of PIF equity and a $20bn JPMorgan loan, has sparked analyst speculation over cost-cutting and fan concerns about creative control.
Logistics Trimac acquires California Freight, expanding bulk food-grade logistics across Central Valley
Trimac Transportation announced Tuesday that it has acquired California Freight, a bulk food-grade logistics provider serving California and Nevada with eight terminals, about 500 tractors, and more than 400,000 square feet of food-grade storage. The deal expands Trimac into liquid food-grade transportation; financial terms were not disclosed.
Commodities MOL acquires Shell's Aphrodite gas field stake in Cyprus for up to $720m
Hungarian energy group MOL has signed a deal to buy BG Cyprus, Shell's subsidiary holding a 35% non-operated interest in the Aphrodite gas field offshore Cyprus, for up to $720m. The field holds an estimated 104bn cubic metres of contingent gas plus 8m barrels of condensate, with first gas expected in 2031.
Logistics NYK moves to absorb NS United in near $1bn deal, lifting stake to 83.33%
Japanese shipping major NYK is set to absorb dry bulk affiliate NS United Kaiun in a two-stage transaction worth about $992m, lifting its holding to 83.33% and paving the way for a Tokyo Stock Exchange delisting. The deal, backed by NS United's board, includes a tender offer priced at ¥10,600 per share with a 36.95% premium, plus a share buyback from Nippon Steel. Completion is targeted by mid-April 2027 after competition clearances in Japan, Australia, China and Brazil.
Business Sainsbury's Agrees £120m Sale of Argos to Swift Partners to Focus on Core Food Business
Sainsbury's has agreed to sell Argos for £120m to Swift Partners, a newly created company that includes former Co-operative Group boss Richard Pennycook. The supermarket chain aims to focus on its core food business, while Argos will continue operating in Sainsbury's shops, selling Habitat products and offering Nectar points. The deal is expected to complete next February.
Logistics OceanPact Acquires Dock Brasil Ship Repair Yard Near Rio de Janeiro for $23.1M
OceanPact has acquired Dock Brasil, a ship repair yard near Rio de Janeiro, for $23.1 million. The deal strengthens OceanPact's capacity to serve the maritime support vessel industry, with completion expected by August 31. The acquisition follows a previous merger agreement with CBO, which will give the combined group a fleet of 73 vessels and annual revenues over $778 million.
Logistics Diana Drops Hostile Tender for Genco as Takeover Talks Stall, Keeps Higher Bid on Table
Diana Shipping has allowed its hostile tender offer for Genco Shipping & Trading to expire after insufficient shares were tendered, but the company is keeping its separate $27.34-per-share takeover proposal on the table. The tender, which offered $24.80 per share, saw 31.6% of Genco's outside stock tendered. Diana now seeks direct negotiations, while Genco disputes valuation claims and questions the stock component of the proposal.
Logistics DHL eCommerce to Acquire Baltic Parcel Carrier Venipak, Strengthening European Last-Mile Network
DHL eCommerce has agreed to acquire Lithuania-based Venipak Group, expanding its last-mile delivery network in the Baltic states. The deal adds Venipak's 800 parcel lockers, 25 logistics terminals, and capabilities in B2B and B2C delivery to DHL's global express network. It reflects ongoing consolidation in European last-mile delivery.
Business BasicBlock acquires TrueNorth to expand beyond freight factoring into AI dispatch
Freight factoring firm BasicBlock has acquired TrueNorth, an AI dispatcher and free loadboard platform, to expand services for independent carriers beyond financing. The deal, announced Monday, unites two transportation tech startups with a shared focus on truckers. Financial terms were not disclosed.
Business Axis AMC Acquires Rs 12,000 Crore PMS Business from Axis Securities, Adds 2,500 Investors
Axis Asset Management Company (Axis AMC) will acquire the portfolio management services (PMS) business of Axis Securities, adding over 2,500 investors and taking its PMS assets under management (AUM) to around Rs 15,000 crore. The deal is among the largest PMS transactions in India by investor count and strengthens Axis AMC's alternatives platform. Naveen Kulkarni has been appointed chief investment officer for PMS and listed equity alternates.
Logistics Aberdeen Group Takes 5% Stake in Malaysian Liner MTT Shipping and Logistics
London-listed asset manager Aberdeen Group has acquired a 5.075% stake in Malaysian liner operator MTT Shipping and Logistics, becoming one of its largest shareholders. The investment, valued at RM123.1 million ($30 million), follows MTT's recent listing on Bursa Malaysia and its order of two 3,300 TEU containerships for fleet expansion.
Business Segro Board Unanimously Backs Prologis' Increased $18.7 Billion Takeover Bid
Segro's board agreed to back Prologis' increased £14 billion ($18.7 billion) takeover bid, with a 9.5% increase over the initial offer and a 47% premium to Segro's three-month weighted average share price. The UK Takeover Panel extended the deadline to August 12. The deal highlights growing consolidation in logistics real estate.
Logistics Alaska Air to Acquire 4 Cargo Jets, Base Some in Hawaii to Boost Freighter Fleet
Alaska Airlines will add four leased Boeing 737-800 converted freighters by first half 2027, effectively doubling its freighter capacity and enabling dedicated cargo operations in Hawaii. The news comes as the carrier reported $163M in Q2 cargo revenue, up 17% YoY.
Logistics Seamec strengthens offshore fleet with $70m diving support vessel buy
Indian offshore vessel operator Seamec has signed a definitive agreement to purchase the diving support vessel (DSV) Seamec Anant from its parent company HAL Offshore for $70 million. The vessel, built in 2023, will be chartered back to HAL Offshore at a $45,000 dayrate after delivery around August 31. Separately, Seamec's board approved the sale of the bulk carrier Seamec Gallant for $9.5 million.
Logistics NYK Completes Full Acquisition of Saga Welco from Westfal-Larsen Strengthening Dry Bulk
Japanese shipping major NYK has completed the full acquisition of Norwegian open-hatch operator Saga Welco by buying out Westfal-Larsen's 50% stake. The deal closed on July 20, 2026, with financial terms undisclosed. Saga Welco operates 48 vessels and 120 employees, specializing in semi-liner services for pulp, forest products, and project cargoes.
Logistics Miner Paragon seals $50m move into Indonesian shipping with DPAL acquisition
Jakarta-listed mining and energy support company Paragon Karya Perkasa has completed a Rp890bn ($50m) takeover of PT Deli Pratama Angkutan Laut (DPAL), gaining a controlling stake in a domestic coal shipping platform with 34 vessels. The acquisition is part of a restructuring driven by changes to Indonesia's shipping laws, aimed at placing DPAL under an Indonesian operating platform without foreign ownership restrictions.
Business Segro Rejects Enhanced $18.2B Prologis Takeover Bid, Third Offer Rebuffed
Segro has rejected Prologis' third and enhanced takeover bid valued at £13.5 billion ($18.2 billion), representing a 6% increase over the initial all-stock proposal. The offer includes a 20% cash component and a 41% premium to Segro's three-month weighted average share price. Segro called the bid opportunistically timed, while Prologis argued its proposal provides superior value and access to a larger logistics network.
Business Uber to Acquire Delivery Hero in $14.8 Billion Deal, Creating Largest Food-Delivery Group Outside China
Uber agreed to acquire Delivery Hero at an equity value of $14.8 billion, creating the largest food-delivery group outside China. The deal, conditioned on a 50% plus one share acceptance threshold, is expected to close in the second half of next year and positions Uber to better compete with Just Eat and DoorDash.
Business TVS Arm Home Credit India to Acquire Education Loan Specialist Varthana Finance for Rs 967 Crore
Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement to acquire Varthana Finance, an education loan specialist, for Rs 967 crore in an all-cash deal. The acquisition aims to diversify Home Credit's portfolio, improve business mix, and create synergies in distribution, technology, and risk management. The transaction is subject to regulatory approvals and is expected to close within nine months.
Logistics BulkLoads expands ag freight footprint with Livestock Network acquisition
BulkLoads acquires Livestock Network, an online load board for livestock transportation. The deal unites two long-established freight communities and gives livestock haulers access to BulkLoads' ecosystem including freight factoring, insurance, and TMS. Financial terms were not disclosed.
Logistics ADNOC L&S Bulker Spending Nears $74m with Fourth Secondhand Vessel Acquisition
ADNOC Logistics & Services has acquired its fourth secondhand bulk carrier, pushing its total bulker spending to nearly $74 million. The latest purchase is the 61,500 dwt ultramax Aliya, built in 2011 by Shin Kasado Dock. The acquisitions have expanded ADNOC L&S's medium-sized bulker fleet to 12 vessels, comprising four ultramaxes, five supramaxes, and three handysize ships.
Logistics Ovkianvance Port acquires vintage non-sanctioned VLCC Takai in muted S&P market
Tanker sale and purchase activity remains subdued this month. Hong Kong-based Ovkianvance Port has acquired the 299,000 dwt VLCC Eclat, now renamed Takai, for an estimated $52 million. The vintage non-sanctioned vessel, built in 2004, is now trading under the Sierra Leone flag.
Business Raymond in talks to acquire German aerospace engineering firm Deharde
Raymond is in discussions to acquire Deharde, a German precision engineering company that supplies aerostructures to Airbus and other OEMs. If completed, the deal would be Raymond's first overseas acquisition since its 2024 restructuring and would expand its aerospace manufacturing footprint, adding a European certified supplier relationship.
Business Volkswagen sells majority stake in Everllence to Bain Capital in €7.4bn deal
Volkswagen has agreed to sell a 75% stake in German engine manufacturer Everllence to private equity firm Bain Capital in a deal valuing the business at €7.4bn ($8.4bn). Volkswagen will retain a 25% minority holding. The transaction is subject to regulatory approvals and expected to close later this year. Everllence, formerly MAN Energy Solutions, supplies marine engines and has growing businesses in carbon capture and industrial decarbonisation.
Business Snap-on Acquires Diesel Laptops for $100 Million in Cash, Expanding Heavy-Duty Truck Diagnostics
Snap-on Incorporated acquired Diesel Laptops for $100 million in cash, closing on June 8, 2026, according to FreightWaves. The acquisition expands Snap-on's diagnostic capabilities into heavy-duty trucks and equipment, integrating Diesel Laptops into its Repair Systems & Information Group. The deal underscores the growing importance of advanced diagnostics in commercial vehicle repair.
Business Bureau Veritas Agrees Sale of Fuel Testing Division to Triton Partners for €470M
Investment fund Triton Partners has entered exclusive negotiations to acquire Bureau Veritas' fuel testing and inspection services business, BVF, for an enterprise value of €470 million. The transaction, expected to close in Q1 2027, would transfer a global network of 320 sites across 45 countries and 7,400 professionals to Triton.
Prologis Presses Segro After $16.6B Offer Rejected, Touts Strategic Benefits
Prologis has intensified its pursuit of Segro after the London-based logistics warehouse operator rejected a £12.6 billion ($16.6 billion) all-stock takeover bid. Prologis outlined a strategic thesis including access to its larger network and balance sheet, while Segro called the offer 'inadequate, opportunistic and one-sided.' Shares of Prologis fell 2.2%, while Segro rose 7.8%.
Business Alcoa Acquires South32's Aluminium Assets in $4.1 Billion Upfront Deal
Alcoa has agreed to acquire South32's bauxite, alumina, and aluminium assets in Australia, Brazil, and South Africa for $4.1bn upfront, with potential contingent payments of up to $750m. The deal, valued at up to $5.6bn enterprise value including assumed debt, will boost Alcoa's pro forma production and deliver $900m in synergies. South32 will reshape its portfolio toward base metals, with 85% of pro forma EBITDA coming from base and precious metals post-completion. The transaction is expected to close in H1 2027.
Business Eldorado Drilling Completes $257M Acquisition of Vantage Drilling
Eldorado Drilling has completed its $257m acquisition of Vantage Drilling, creating a combined fleet of five rigs. Vantage will become an indirect subsidiary and delist from the Oslo stock exchange. The deal is funded by $125m in equity from Eldorado's principal shareholder.
Business AP Moller Holding Acquires Norwegian Shipleasing Specialist Ocean Yield from KKR
AP Moller Holding has agreed to acquire Ocean Yield from KKR, adding a Norwegian shipleasing platform with over 70 vessels and a contracted backlog exceeding $5 billion. The deal, which requires regulatory approvals, expands the Danish group's maritime portfolio following recent acquisitions of Maersk Supply Service, Maersk Tankers, and Svitzer. No purchase price was disclosed.
Business Sky to Acquire ITV's Broadcast Arm in Landmark UK Media Takeover
Sky, the pay-TV and broadband company owned by Comcast, is expected to buy ITV's television and streaming channels, including ITVX, in one of the largest takeovers in British media history. The deal will create a new American-owned British media company, with ITV's production arm, ITV Studios, remaining as a separate publicly traded entity. Key ITV shows will remain free-to-air until at least 2034 due to public service broadcasting obligations.
Business EasyJet Reaches Agreement in Principle with Castlelake Over £5.2bn Takeover Bid
EasyJet has reached an agreement in principle with US investment firm Castlelake over a takeover offer worth approximately £5.2 billion, at £6.90 per share. The board said it would be minded to recommend the offer if a firm bid is made, but Castlelake must secure regulatory clearances, including compliance with EU ownership rules, by 3 August.
Business ITV Agrees £1.6bn Sale of Media and Entertainment Arm to Sky
ITV is selling its media and entertainment divisions, including broadcast channels and ITVX streaming service, to Sky for £1.6bn. The deal, one of the largest in British media history, excludes ITV's studio arm and is backed by Comcast, which owns Sky. Sky CEO Dana Strong called it a 'defining moment for British media'.
Business Prestige Estates acquires 50% stake in Rs 4,500 crore Mumbai commercial project
Prestige Estates Projects Ltd has acquired a 50% stake in Advent Convention and Hotels International Ltd for Rs 504 crore to co-develop a Rs 4,500 crore commercial project in Mumbai. The project in Andheri East will have 1.50 million sq ft of leasable area. The company also reported a two-fold increase in net profit to Rs 1,195.5 crore for FY2025-26.
Business Argosy Private Equity Acquires Controlling Interest in Asset-Light 3PL K&L Freight Management
Argosy Private Equity announced Monday the acquisition of a controlling interest in K&L Freight Management, an asset-light third-party logistics provider. Financial terms were not disclosed. K&L will continue to be led by its management team, which also reinvested in the transaction.
Logistics Heidmar Maritime acquires Dutch ship manager Q-Shipping to expand technical platform
Athens-based Heidmar Maritime has acquired Dutch shipmanagement and crewing company Q-Shipping for about $200,000. The deal adds nine vessels to Heidmar's managed fleet and gives it operational presence in the Netherlands, Turkey, and Ukraine. Heidmar now manages about 50 vessels commercially and 16 technically.
Logistics Descartes Acquires Last-Mile Tech Provider Drivin for $30 Million
Descartes Systems Group has acquired Latin American last-mile logistics technology provider Drivin for $30 million. Drivin's platform uses machine learning and agentic AI for routing, dispatching, and real-time visibility, and has been widely adopted in high-density urban areas. The deal expands Descartes' fleet performance management offering and its presence in Latin America.
Commodities TotalEnergies Sells 85% Stake in Malaysia Block 2E to Inpex for $350 Million
TotalEnergies has sold its 85% interest in Block 2E offshore Malaysia, representing a net 8.5% stake in the Marjoram gas field, to Inpex for $350 million. The deal aligns with TotalEnergies' strategy to monetize non-operated assets and prioritize low-cost, low-emission growth projects. The Marjoram field, operated by Shell and expected to start production in 2026, is part of a $10 billion development.
Logistics Ceva Logistics to Acquire European Final-Mile Courier Paack, Boosting Last-Mile Network
Ceva Logistics has agreed to acquire Paack's operating units in France, Spain and Portugal, integrating them into its European last-mile subsidiary Colis Privé. The move expands Colis Privé's domestic network in France and into the Iberian Peninsula, adding Paack's technology platform and cold chain capabilities. The transaction, subject to regulatory approval, would boost Colis Privé's revenue over $626.5 million.
Logistics CMA CGM Acquires FedEx Supply Chain in $1.4 Billion Deal to Expand US Logistics
CMA CGM has agreed to acquire FedEx Supply Chain for $1.4 billion, folding it into its CEVA Logistics arm. The deal nearly triples CEVA's North American contract logistics footprint, adding 10,000 employees and 150 warehouses. CMA CGM will also become a preferred ocean carrier for FedEx under multi-year agreements covering ocean and air freight.