NOTED
> SEALED DEALS
> M&A
n The Kenan Advantage Group (KAG) has acquired TransVac, a Abbeville, Louisiana-based company that specializes in the transportation of chemicals, water treatment products, and plastic additives.
n NTG Germany, a fully owned subsidiary of NTG Nordic Transport Group A/S, has signed an agreement to acquire 100% of the shares in Schmalz+Schön Holding GmbH , which specializes in road and logistics services. SSH operates from its headquarters in Stuttgart and 27 additional sites across Germany. n Global port operator PSA Baltics N.V. signed an agreement to acquire an 85% majority stake in Loconi International S.A., one of Poland’s leading intermodal operators, from the publicly traded Polish freight forwarder ATC Cargo S.A. This strategic move aims to develop new rail products to support PSA’s European container hubs. n C.H. Robinson Worldwide sold its European Surface Transportation business to sennder Technologies GmbH, a digital road freight forwarder in Europe. n Groendyke Transport will acquire all the tank truck assets of Linden Bulk Transportation from Depot Connect International, a tank container services provider. The acquisition expands Groendyke’s footprint to Ohio, Pennsylvania, and New Jersey, and solidifies its presence in the Gulf. n Carrier Global Corporation, on behalf of its Sensitech business, completed its acquisition of the Monitoring Solutions business of Berlinger & Co. AG, a Swiss family-owned company that specializes in solutions for monitoring temperature- sensitive goods in the pharmaceutical and life science, clinical trial, and global health segments.
• Intralogistics group Mecalux has equipped pet supplies provider Moderna Products’ plant in Belgium with an automated warehouse connected to production.
• Bioelements Group will supply its compostable, biobased, and biodegradable
packaging to Multi X. The salmon farming company will replace all of the bags it uses for packaging fresh fillets with Bioelements’ bioplastic containers. • Honeylove selected Inspectorio to modernize its supply chain as its brand grows. The brand will now rely on Inspectorio’s advanced analytics, AI capabilities, and support network to strengthen and modernize its production chain. • Nynas AB, a manufacturer and supplier of specialty oil products and services, is using Descartes’ cloud-based transportation management system to automate communications throughout the customer order lifecycle.
> UP THE CHAIN
n Symbotic Inc. acquired substantially all of the assets of Veo Robotics, which offers intelligent safeguarding for
DSG appointed Dan Klepack as its chief supply chain officer. In this newly created role, Klepack will be responsible for driving supply chain optimization, enhancing efficiency, and delivering an exceptional customer experience across DSG’s extensive network.
industrial robots. By integrating Veo's FreeMove solution into its robotic warehouse automation system, Symbotic expects to increase productivity with more dynamic, flexible human-machine collaboration.
September 2024 • Inbound Logistics 13
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