Tag / Mergers and Acquisitions (M&A)
Press releases • Sep 19, 2019 05:15 GMT
On September 18, 2019, SIX Exchange Regulation granted Panalpina several temporary exemptions from the obligations for maintaining the listing and approved the request of Panalpina to delist the Panalpina Shares. The last trading day and the date of the delisting will be determined after the final judgement in the cancellation proceedings according to the Swiss Financial Infrastructure Act.
Press releases • May 01, 2019 07:00 GMT
Effective today, Newport Cargo has legally merged with Panalpina. The acquisition was completed in August 2018 and it has added tremendous value to Panalpina’s Perishables Network in expertise, customer base and business development.
Panalpina expands network in Colombia and Ecuador to become largest perishables player in Latin America
Press releases • Apr 24, 2019 15:30 GMT
Panalpina continues to expand its Perishables Network in South America through the acquisition of CargoMaster S.A. in Colombia, and its subsidiary, Laseair S.A., in Ecuador. CargoMaster is one of Latin America’s largest companies specialized in the air freight export of perishables, mostly of flowers to the US.
Blog posts • Feb 01, 2019 08:30 GMT
Panalpina has acquired seven companies specializing in the worldwide export and import of perishables since 2015. With its vision to become the preferred global supplier of perishables logistics by 2020, Panalpina not only acquires companies in the sector, it then also invests locally to develop the business further and support the communities where they operate.
Press releases • Jul 17, 2018 05:15 GMT
Panalpina is expanding its Perishables Network to South Africa. The company is to acquire a majority stake in perishables specialist Skyservices. With the latest acquisition, Panalpina sets foot in a strategic market with its own presence in Johannesburg and Cape Town. The move will enable end-to-end solutions for perishables from South Africa to Europe, the Middle East, Far East and the USA.
Press releases • Jun 13, 2018 17:05 GMT
Panalpina continues to expand its global Perishables Network in South America. The international freight forwarding and logistics company is to acquire Newport Cargo S.A., Argentina’s air freight market leader and perishables specialist. The acquisition is geared towards end-to-end solutions for perishables and will increase Panalpina’s foothold in Argentina and neighboring countries.
Press releases • Dec 19, 2017 06:00 GMT
Panalpina is to acquire the Belgian companies Adelantex and AD Handling, specialized in the handling of perishables imports in Brussels, Liège and Ostend. The move follows similar acquisitions in Germany and the Netherlands earlier this year. This latest transaction involving Belgium’s market leader will further strengthen the Panalpina Perishables Network and the company’s end-to-end offering.
Press releases • Sep 29, 2017 05:00 GMT
Panalpina is expanding its Perishables Network into Germany. Panalpina has entered into an agreement with the Cool Chain Group, Germany (CCG), taking over business and a team that is specialized in international air freight and the import of perishables. The deal will further strengthen the Panalpina Perishables Network in Europe and the company’s global end-to-end offering for fresh produce.
Press releases • Sep 28, 2017 05:00 GMT
Panalpina is to acquire the Dutch company Interfresh Airfreight Handling. Interfresh specializes in the customs clearance and last-mile distribution of imported perishables from Africa, Asia-Pacific and Latin America. With this acquisition, Panalpina takes another significant step in building its global Perishables Network and offering complete end-to-end solutions on a global scale.
Press releases • Sep 07, 2017 13:30 GMT
International freight forwarding and logistics company Panalpina announced today the completion of the acquisition of Air Connection, a specialized forwarder of flowers and vegetables following the approval by the Competition Authority of Kenya. The move follows Panalpina’s acquisition of Airflo in 2016 and positions the company as a clear market leader in perishables in Kenya.
Press releases • May 03, 2017 05:00 GMT
As part of its global growth strategy, Panalpina has acquired Carelog, a Danish freight forwarding and logistics company with a strong foothold in ocean freight and roots in the western part of Denmark. Carelog and Panalpina complement each other ideally in terms of geography, product strengths and customer mix.
Press releases • May 02, 2017 20:30 GMT
International freight forwarding and logistics company Panalpina is to acquire Air Connection, a Kenya-based forwarder specialized in the export of flowers and vegetables. The move comes after Panalpina’s acquisition of Airflo in Kenya in 2016 and only two weeks after the company formally announced the launch of its global Perishables Network.
News • Oct 06, 2016 10:00 GMT
At the Capital Markets Day 2016 in Amsterdam, the company's senior management demonstrated how Panalpina has taken risk out of the business and laid the foundations for future growth. Growth was the main theme of the afternoon presentations. Four deep-dive sessions focused on “Ocean Freight and Productivity”, “Sales Growth”, “Air Freight and Perishables” as well as “Logistics and Innovation”.
News • Aug 16, 2016 12:26 GMT
Panalpina Egypt has moved its country head office and 100% of its Cairo operations to the newly developed Cairo Cargo City at Cairo International airport. Panalpina is the first freight forwarding company to have its head office directly at the airport.
News • Feb 19, 2016 09:35 GMT
After more than 50 years, Panalpina’s connect magazine will be retired. The last issue of connect takes a look at the challenges and opportunities for doing business in Africa and how Panalpina is expanding its footprint on this continent. Africa aside, the ultimate edition of connect explains how Panalpina is exploring innovative ways to prepare for the future in a circular economy.
Panalpina to acquire Airflo, a specialized freight forwarder for flowers and vegetables, from Dutch Flower Group
Press releases • Nov 05, 2015 06:00 GMT
Panalpina is to acquire a majority stake in Airflo, a company based in Kenya and the Netherlands specialized in the export handling of flowers and vegetables. Airflo is part of Dutch Flower Group (DFG), the world’s largest flower and plant trader. The acquisition reflects Panalpina’s continued expansion in Africa and its increasing focus on the perishables business.
Press releases • May 29, 2015 05:00 GMT
Panalpina is to acquire its Egyptian agent Afifi, a highly respected family-owned company specializing in freight forwarding, customs clearance and logistics. The move is an important step in Panalpina’s continued strategic expansion in growth economies, in particular in the Middle East and Africa. Afifi has been Panalpina’s agent in Egypt for the last 20 years.