NOTED
> M&A
> INVESTMENTS
Jungheinrich-
backed Uplift Ventures launched a $112 million venture capital fund targeting early-stage startups in physical AI, energy, enterprise AI, and logistics across Europe, the United States, and Asia.
Lufthansa Cargo signed an agreement to acquire LUG aircargo handling GmbH from the Dettmer Group, adding approximately 50,000 square meters of covered warehouse space in Germany. LUG has 60-plus years of air cargo handling experience. Descartes acquired warehouse management and fulfillment platform Extensiv for approximately $120 million. The deal adds 3PL inventory management, omnichannel fulfillment, and billing capabilities to the Descartes Global Logistics Network. Freeman Wood Products and Fabrication Specialties merged to form FreeFab Pallet, a custom wood pallet manufacturer based in Tennessee. The combined company serves manufacturers with custom pallet design and production. Enstructure completed its acquisition of LOGISTEC ’s marine services division, creating a network of 106 terminals across 30 U.S. states and Canadian provinces. The network handles about 70 million tons of cargo annually across 3,000-plus waterfront acres and 12.5 million square feet of industrial warehousing. Trackonomy acquired Identiv ’s IoT label business, combining Identiv’s smart label manufacturing with Trackonomy’s semiconductor and end-to-end Physical AI solutions. The combined businesses orchestrate nearly 20 million shipments each day. CargoSense acquired Adapt-IP, a wireless tracking technology developer, to add real-time 3D asset location monitoring to its exception management platform for data center supply chains. Adapt-IP’s system provides location accuracy within one meter and covers up to 20 million square feet from a single access point.
Quickcode raised $3 million, led by Buckhorn Capital Group, to expand its AI-powered global trade compliance platform into international markets. The company automates product classification, duty exposure analysis, and tariff monitoring. PSA International and Granite Asia launched the G&P Strategic Innovation Fund, a $50 million vehicle that will co-invest in technology companies developing solutions for global supply chains. Parallel Systems closed a $100 million Series C round, led by AVP, to scale production of its autonomous battery-electric rail vehicle and expand into international markets. The company’s platform lets railroads compete on short-haul routes. Red Sea Gateway Terminal and CMA CGM signed agreements to jointly develop Terminal 4 at Jeddah Islamic Port with an initial investment of $434 million, adding up to 2.6 million TEUs of annual container handling capacity. The project includes new deep-water berths and 10 ship-to- shore cranes.
October 2026 • Inbound Logistics 13
Powered by FlippingBook