Menlo buys Cougar Express
Third-party logistics provider Menlo Worldwide said it has completed the acquisition of Singapore-based Cougar Holdings Pte for $34 million in cash.
San Mateo, Calif.-based Menlo said three months ago that a deal was in place to buy the Asian freight forwarder and logistics firm, which primarily operates as Cougar Express Logistics and also has locations in Malaysia and Thailand.
Cougar will expand Menlo’s Asian reach with 12 additional facilities and 200 customers. In its most recent fiscal year Cougar brought in $23 million in revenue.