Mitsubishi Logisnext acquires Red Diamond

Mitsubishi Logisnext Europe B.V. (MLE) has acquired all shares of Red Diamond Distribution Ltd (RDD) in an amicable takeover that will see both companies working closely together in order to drive the expansion of the Mitsubishi Forklift Trucks brand in the UK. Hans Seijger, Chief Business Development Officer at MLE, explained: “With this step, our… Continue reading Mitsubishi Logisnext acquires Red Diamond

Descartes acquires machine-learning provider – Logistics Business® Magazine

25th April 2022 Descartes Systems Group, a global leader in uniting logistics-intensive businesses in commerce, has acquired Foxtrot, a leading provider of machine learning-based mobile route execution solutions. Foxtrot’s advanced machine learning algorithms leverage millions of data points collected from vehicles in the field, helping customers reduce last-mile costs, improve customer service and learn service… Continue reading Descartes acquires machine-learning provider – Logistics Business® Magazine

TIP acquires Ryder‘s trailer business

21st April 2022 TIP Trailer Services, a portfolio company of I Squared Capital and one of the leading trailer leasing, rental, maintenance and repair providers across Europe and Canada, has signed a deal to acquire the trailer leasing and maintenance business of Ryder Ltd. Ryder Ltd is a leading provider of commercial vehicle rental, contract… Continue reading TIP acquires Ryder‘s trailer business

SALTO acquires face recognition company Cognitec

17th March 2022 With Cognitec Systems joining the SALTO Group, the face recognition company will strengthen research, development and market reach for its established product portfolio while working with SALTO on new technologies for expanding biometric markets. SALTO strategically selected Cognitec to meet market requests for adding face recognition and artificial intelligence technologies to the… Continue reading SALTO acquires face recognition company Cognitec

E2open acquires Logistyx Technologies for $185m

E2open Parent Holdings, Inc., a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, has acquired Logistyx Technologies, a leader in global parcel and e-commerce shipping and fulfilment technology. With the combination, E2open enhances its global footprint for multi-carrier e-commerce shipment management, offering companies a complete range of shipping capabilities needed to… Continue reading E2open acquires Logistyx Technologies for $185m

Fagan & Whalley acquires Welsh logistics company

Long-established UK logistics company Fagan & Whalley Ltd., headquartered in Lancashire, has expanded its operations with the acquisition of Newport, South Wales-based logistics company, Alan R Jones & Sons Ltd. With a fleet of 170 vehicles and five operational sites across the UK, including a 200,000 sq ft warehousing and distribution depot recently launched in… Continue reading Fagan & Whalley acquires Welsh logistics company