Inside Logistics

Done Deals: July 13, 2021

Contracts, mergers, acquisitions and big deals in the supply chain sector this week


July 13, 2021
by

Descartes

Descartes Systems Group has acquired GreenMile, an Orlando, Florida-based provider of cloud-based mobile route execution solutions for food, beverage, and broader distribution verticals. GreenMile’s platform incorporates machine-learning to improve service and travel time standards. Its solutions are used by food and beverage companies to digitize final-mile delivery processes. Descartes acquired GreenMile for up-front cash consideration of US$30 million, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $10.0 million, based on GreenMile achieving revenue-based targets over the first two years post-acquisition.

Kion Group

Kion Group has opened an industrial truck plant in Poland. The site will produce counterbalance trucks for all brand companies within the Kion Industrial Trucks & Services segment. This includes models previously produced at sites in western Europe, as well as models that are currently only produced in Xiamen, China. It will focus on products for customers in the EMEA region with less demanding applications. Kion has invested a total of around €80 million in the new plant.

Hapag-Lloyd

Hapag-Lloyd has acquired Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). With 40 years of experience, NileDutch is one of the leading shipping companies along the West African coast. Headquartered in Rotterdam, NileDutch is present in 85 locations across the world and has 16 offices in the Netherlands, Belgium, France, Singapore, China, Angola, Congo and Cameroon. The company also brings with it seven liner services, around 35,000 TEU of transport capacity, and a container fleet with a capacity of around 80,000 TEU. Hapag-Lloyd and NileDutch are aiming to integrate in the later part of 2021.

Amazon

Amazon plans to open its second robotics fulfillment centre in the state of Louisiana. In the new 820,000 square-foot fulfillment centre in Baton Rouge, employees will pick, pack, and ship smaller customer items such as books, toys, electronics and other household items.

CEVA Logistics

CEVA Logistics has opened an in-house operations site at ASM International NV’s new global manufacturing headquarters in Singapore. The company manufactures semiconductor wafer processing equipment. At the new 95,000-square-foot facility, CEVA Logistics will provide logistics support, such as inventory and storage management, spare part management, kitting, trash removal and cleanroom packing, along with other value-added services supporting manufacturing activities, including transportation. Almost 150 people will be operating at the site by the end of 2021.