Inside Logistics

Done deals: July 22, 2021

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


July 22, 2021
by

Convergence.Tech

Canadian technology consultancy Convergence.Tech has secured a $2.4m grant as part of the Australian government’s National Blockchain Roadmap. It is leading a consortium including KPMG, Mills Oakley, the Australian Distillers Association and Spirits & Cocktails Australia. The team will work with the government to automate key parts of the excise tax compliance and payment process, using smart contract automation and an Australian dollar stablecoin. A stablecoin is a cryptocurrency whose value is fixed to one or more commodities. The objective is to help companies reduce the compliance effort and costs of the creation, storage and transportation of products. The consortium will report on the results of the pilot at an industry event, sharing the legal, regulatory, and technical implications involved in adopting blockchain technology

Unique Logistics International

Unique Logistics International, Inc. (UNQL), a global logistics and freight forwarding company, has entered into an agreement with Korean Air to add an additional 52 cargo charter flights for the period of August 1, 2021 through December 31, 2021. These additional flights will be from Vietnam to the United States. Since its inception in May, 2020, UNQL has rapidly expanded its market share in the freight forwarding business in Asia.

Lineage Logistics

Lineage Logistics has acquired Frigorificos de Navarra (Frinavarra), an operator of refrigerated warehousing and storage facilities headquartered in Milagro, Spain, and a cold storage warehouse facility from Frioastur located in Gijón, Spain. Financial terms of the transactions were not disclosed. Founded in 1987, Frinavarra provides blast freezing, tempering, and modified atmosphere storage services. With nearly 20 million cubic feet of capacity, Frinavarra’s highly automated freezer facility comes with the opportunity for future expansion. The Frioastur cold storage warehouse was originally built in 1963. It spans one million cubic feet  and provides cold storage, handling, picking, transportation, and facilities services. With its entry into the Spanish market, Lineage owns and operates in 16 countries.

Tecsys

South Carolina-based McLeod Health will deploy Tecsys‘s Elite Healthcare supply chain software across its entire hospital system to automate and optimize hospital inventory and replenishment management in point-of-use clinical areas including operating rooms and catheterization labs. This will complement the health system’s existing Consolidated Service Center, which is already running Tecsys software. McLeod Health is a locally owned, not-for-profit healthcare system comprising seven hospitals and multiple outpatient facilities.

– July 22, 2021