M&A

Breaking: Descartes Systems acquires 3GTMS for $115M

Descartes Systems Group (NASDAQ: DSGX) has announced its acquisition of 3GTMS, a leading provider of cloud-based transportation management solutions. The deal, valued at approximately $115 million, marks a significant expansion of Descartes’ capabilities in the North American logistics market.

Waterloo, Ontario-based Descartes has long been a major player in logistics and supply chain technology, offering a suite of solutions that help companies optimize and digitize their operations. This...

https://www.freightwaves.com/news/descartes-systems-acquires-3gtms-for-115m

Wabtec to acquire Sweden’s Dellner Couplers for $960M

PITTSBURGH — Rail technology provider Wabtec (NYSE: WAB) will acquire Dellner Couplers, manufacturer of equipment and services for passenger rail rolling stock, in a $960 million deal, the companies announced Tuesday.

Dellner, based in Sweden, has an 84-year history in train connection systems, with about 100,000 couplers and 12,500 gangways installed worldwide. It has production, assembly and aftermarket service facilities in 13 countries, employing more than 1,200 people and serving more than...

https://www.freightwaves.com/news/wabtec-to-acquire-swedens-dellner-couplers-for-960m

Consultant bullish on Trump’s impact on retail, e-commerce, FreightTech M&A

With the new Trump administration come expectations of regulatory changes, including potential shifts at the Federal Trade Commission, that could unlock M&A activity. These shifts could mean promising activity in retail and e-commerce, as well as greater investment in supply chains.

Lower interest rates may also drive fresh investment in housing and retail, benefiting brands like The Home Depot and Lowe’s, while new entrants such as Temu, leveraging social commerce models, intensify competition...

https://www.freightwaves.com/news/consultant-bullish-on-trumps-impact-on-retail-e-commerce-freighttech-ma

Stonepeak to buy air cargo company ATSG for $3.1B

Private equity firm Stonepeak has agreed to buy Air Transport Services Group, a leading lessor of mid-size cargo jets that also provides flying and other services, for $3.1 billion and take the company private. 

The New York-based investment firm will pay $22.50 per share in cash for ATSG and its aviation subsidiaries, which represents a 29% premium above ATSG’s closing price on Friday and 45.5% more than its volume-weighted average price over the prior 90 trading days, ATSG (NASDAQ: ATSG)...

https://www.freightwaves.com/news/stonepeak-to-buy-air-cargo-company-atsg-for-3-1b

Blue Yonder to acquire One Network for $839M

Supply chain solutions provider Blue Yonder announced Friday it has signed an agreement to acquire One Network Enterprises and its AI platforms that provide end-to-end supply chain visibility, planning tools, order fulfillment and payment solutions to manage supplier and carrier resources.

The deal comes in at approximately $839 million and is contingent on the fulfillment of standard requirements including regulatory approval. Blue Yonder expects it to close in Q2 or Q3 this year.

“Blue Yonder...

https://www.freightwaves.com/news/blue-yonder-to-acquire-one-network-for-839m

Logistics M&A market looks brighter in 2024

This fireside chat recap is from FreightWaves’ 3PL Summit on Wednesday.

FIRESIDE CHAT TOPIC: M&A activity in 2023 and an outlook for 2024

DETAILS: Gaurang Shastri, managing director at Lincoln International,says logistics companies are looking to round out their service offerings with acquisitions that can keep customers in the fold. Lincoln International is an investment bank.

KEY QUOTES FROM SHASTRI: 

On M&A activity in 2023: “It’s pretty striking if you look at the slowdown that we saw last year...

https://www.freightwaves.com/news/logistics-ma-market-looks-brighter-in-2024

CN acquiring Iowa Northern Railway

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Canadian railway CN plans to acquire Iowa Northern Railway (IANR) a short-line railroad that...

https://www.freightwaves.com/news/cn-acquiring-iowa-northern-railway

Report: Convoy is for sale

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Seattle-based digital freight brokerage Convoy has hired an investment bank to help it explore...

https://www.freightwaves.com/news/report-convoy-is-for-sale

Regional Rail acquires another North Carolina asset

Regional Rail has acquired the assets of Clinton Terminal Railroad in North Carolina.

The acquisition, announced this week, will expand Regional Rail’s presence in North Carolina. Regional Rail had acquired Carolina Coastal Railway in 2020. Carolina Coastal will be the new owner and operator of Clinton Terminal Railroad, which will be named the Clinton Branch of the railway. Financial terms of the transaction were not disclosed. 

“We are excited to partner with the team at Clinton Terminal and...

https://www.freightwaves.com/news/regional-rail-acquires-another-north-carolina-asset

+ More