Mergers and acquisitions

A Solera board member alleges that in 2017 Vista tried to force it to buy another portfolio company, Omnitracs.

A sewage truck met a watery end in New South Wales; regulators in NSW have improved port access; National Transport Commission overhauls assurance framework; ATA wants truck drivers to be treated humanely; and K&S announces profit slump and sale of Regal General Freight.

Canadian logistics software company purchases U.S. firm whose TMS suite specializes in flatbed moves in North America and the EU.

Sime Darby Berhad (BM: 4197) has directly told FreightWaves it paid about NZ$211 million (US$136 million) to acquire automotive and construction machinery dealer Gough Group of New Zealand.

Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.

Australia’s road transport industry has a way to go in ensuring gender equity. Research has found that female workers encounter misogyny, bullying and discrimination. In other Down Under Trucking news: mistake is no defence to trucking crime; supermarket boosts safety after loading dock death; logistics giant snaps up drayage business; CTI Logistics expects a small profit.

Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch, New Zealand.

Vancouver-based GTO Global Logistics acquired by Air Menzies International, providing “an important advantage a major global trading route.”

The Canada Pension Plan Investment Board is set to get controlling interest in the company that operates the highly profitable Ontario Highway 407 electronic toll road.

Companies that build a dedicated M&A program return more value to shareholders.

Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC), has expressed competition fears over the acquisition of the wharf-side GrainCorp Liquid Terminals by independent bulk liquid storage company ANZ Terminals. The ACCC has formed a preliminary view that the potential sale would “substantially lessen competition”… and that’s the first step on the way to blocking the A$350 million (US$248 million) deal.

Investor speculation that VW’s Traton SE would complete an acquisition of Navistar International took a hit along with the share price July 17 when the head of Traton said he was satisfied with the present 16.8 percent of the Illinois company’s shares.

Logistics real estate company Prologis, Inc. acquires 37.5 million square feet in $4 billion deal.

It can be a rough business doing freight and logistics in Australia. And now, in the Australian capital city of Canberra, it looks like the last-mile drone delivery business has gotten a fair bit more… dangerous!

Purchase of Argus and Inter-Urban grows the Canadian company’s less-than-truckload business and brings C$25 million in annual revenue.

Two large private carriers are set to combine in a $2 billion deal that rebalances the food and beverage distribution landscape.

Volkswagen’s spinoff of its heavy-truck unit TRATON paves the way for it to pursue Navistar further.

GWR acquired in $8.4 billion deal that many investors view as the plan all along.

Elderly driver charged following fatal truck collision and car explosion left two dead; competition law woes in hostile takeover; heavy vehicle roadworks and access; smart roads.

WABCO announced that its shareholders have approved the proposed acquisition by ZF Friedrichshafen.