German logistics company Rhenus Group has acquired a New Zealand-based firm for an undisclosed amount while US-headquartered BizLink Holding has acquired Singapore’s Speedy Industrial Supplies.
Rhenus Group acquires NZ-based logistics firm
German logistics player Rhenus Group has agreed to acquire New Zealand-based Malcolm Total Logistic Group for an undisclosed amount, the company said in a statement.
Malcolm Total offers airfreight, sea freight, 3PL contract warehousing and comprehensive customs brokerage.
“We’ve significantly expanded our presence in the Asia-Pacific region during the last few years by means of setting up a large number of new business sites and expanding our business – and we’ve created fresh capacity. We see potential in New Zealand too,” a member of Rhenus Group Management Board Tobias Bartz said.
Meanwhile, Rhenus Group, which has been operating for 35 years, has four business units in the Greater Auckland area, including a 4,200 sq m 3PL logistics warehouse strategically located just off Auckland International Airport.
BizLink Holding buys Singapore’s Speedy Industrial Supplies
Shareholders of Speedy Industrial Supplies, the Singapore-based integrated electronic manufacturing services (EMS) solutions provider, has sold 100% stake in the company to US-headquartered BizLink Holding, according to an announcement.
The transaction, which was advised by Singapore-based advisory firm Pickering Pacific, was valued at S$65 million ($46.7 million). The agreement was signed on 20 February 2020.
BizLink Holding, listed in Taiwan, is a supplier of interconnect products including connectors, wire, cable assemblies, wiring harnesses and fiber optic devices. It has manufacturing capabilities in China, Malaysia, Mexico, Slovakia, Serbia and the US. The company’s revenue in 2018 was $709 million.
