Done deals: April 19, 2023

NFI & SDR Distribution Services

NFI has acquired SDR Distribution Services, a 3PL specialized in fashion, footwear, and accessories in Canada and the US. With the acquisition, NFI will double its distribution footprint in Canada, to 4.5 million square feet. Its warehousing footprint will jump to 72 million square feet across the United States and Canada.

Drone Delivery Canada & Transport Canada

Drone Delivery Canada (DDC) will provide Transport Canada with a Condor drone, and collaborate in operating, testing and evaluating its capabilities.The Condor is the largest drone currently being developed by DDC. The contract, with a value up to approximately $1.2 million is with the Canadian government’s Innovative Solutions Canada program.

CMA CGM & Bolloré Logistics

Although the deal is not done, CMA CGM Group confirmed it has entered into exclusive negotiations to acquire the transportation and logistics activities held through Bolloré Logistics. CMA CGM Group said the acquisition would support its long-term strategy, to offer end-to-end solutions in support of its customer’s supply chain needs.

MacGregor & Grimaldi Group

MacGregor, part of Cargotec, has received a repeat order worth more than EUR 20 million for RoRo equipment for five Pure Car and Truck Carriers (PCTC) vessels. These vessels will be built at China Merchant Heavy Industries for Grimaldi Group. This deal will extend MacGregor’s supply of RoRo equipment from five to ten of Grimaldi’s new PCTC vessels. The vessels are scheduled to be delivered to the shipowner between the third quarter of 2024 and the third quarter of 2026. MacGregor will design, supply and provide installation support of RoRo and car deck equipment, including quarter stern ramps, internal ramps, covers and doors, both liftable and electrical hoisted car decks. The vessels have a loading capacity of over 9,000 CEU and have been designed to transport Electric Vehicles.

Swedish Biofuels AB & Mitsubishi Corporation

Mitsubishi Corporation has partnered with Swedish Biofuels AB to work towards commercial deployment of clean renewable fuels using Swedish Biofuels advanced alcohol to jet (ATJ) technology. The technology produces fully formulated sustainable aviation fuel (FFSAF) from a variety of biogenic feedstocks. The FFSAF has been tested successfully by engine manufacturers under US DARPA, US FAA and Swedish FMV programmes.