CP & KCS
Canadian Pacific Railway Limited has received the required regulatory clearance from the Committee on Foreign Investment in the United States for the proposed combination of CP and Kansas City Southern (KCS). CP completed its acquisition of KCS on Dec. 14, 2021. Immediately upon the closing of the acquisition, KCS shares were placed into a voting trust which ensures KCS will operate independently of CP while the U.S. Surface Transportation Board (STB) completes its regulatory review of the companies’ joint railroad control application to create Canadian Pacific Kansas City (CPKC).
Congebec & National Bank Private Investment
National Bank Private Investment (NBPI) has taken a minority shareholder position in Quebec-based cold storage specialist Congebec. Congebec, which is owned by its management team, will use the backing to further expansion plans, said president and CEO Nicholas-P. Pednault in a statement. The value of the NBPI’s stake was not disclosed.
National Instruments & Kinaxis
Kinaxis has a new customer: National Instruments (NI). NI will be using Kinaxis’s RapidResponse platform. NI develops automated test and automated measurement systems for clients that are developing electric and autonomous vehicles, wireless communication technology, and space travel technology.
Peak Technologies & Supply Chain Services
Peak Technologies and Supply Chain Services (SCS) are merging. The combined company will operate under the Peak Technologies name. The combined entities will be headquartered in Littleton, Massachusetts. Peak Technologies CEO Tony Rivers will lead the combined company, and SCS CEO Dave Green will become executive chairman. Terms of the transaction were not disclosed.
Körber & enVista
Körber has signed a definitive agreement to purchase enVista‘s Enspire Commerce platform and its Freight Audit and Payment (FAP) service. enVista CEO Jim Barnes and 400 staff accompany the purchase.
Geodis & Keppel Logistics
Geodis finalized its acquisition of Keppel Logistics after obtaining regulatory approvals. Based in Singapore, Keppel Logistics is a contract logistics specialist with close to 500 employees. It operates 200,000 square metres of warehouse space across Singapore, Malaysia and Australia.