August 2024 Acquisitions

Global Logistics M&A Recap in Partnership with Ti Insight

North America accounted for the largest number of acquisitions (by target location) in August 2024, with 40% of all acquisitions recorded. Europe accounted for 37% of acquisitions, with 13 acquisitions recorded in August. The United States was the most active country in terms of acquisitions (by target location), accounting for 12 acquisitions, or 34% of all acquisitions recorded.  In terms of target services, Transportation and Software were the two most popular target services, accounting for a combined 46% of total August acquisitions.

"...Among the notable acquisitions in August were the moves made by NTG’s acquisition of Schenker Italiana and Shmalz+Schon. NTG’s previous larger strategic acquisition, which Logisyn acted as sell-side advisor on, of a sizable forwarder on the East Coast..." - Mark Para, Managing Director at Logisyn Advisors

"...Freightos acquiring Shipsta, a freight-tender procurement platform. This acquisition integrates Shipsta’s tender management capabilities with Freightos’ existing spot pricing and booking solutions The deal terms are interesting, as the transaction seems to be..." - Max Ibata-Arens, Director: Technology Sector at Logisyn Advisors

"...GLS Group, owned by International Distribution Services PLC (Royal Mail Group), is selling its US freight divisions - GLS US Freight Inc and GLS US Business Solutions Inc - to DC Logistics. The sale, set to close in September 2024, aligns with GLS's strategy to..." - Paul Chapman, Senior Editor at Ti