Done deals: October 12, 2023
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TorQuest Partners, a Canadian private equity firm, has invested in Brimich Logistics, a family-owned and operated supply chain management and third-party logistics (3PL) business based in Brantford, Ontario. TorQuest is partnering with Brimich’s existing owners, the Fergus family, who will remain significant shareholders in the company. Terms of the transaction were not disclosed.
Magasin du Nord, the Danish department store chain is using order management software, Omni OMS from Tecsys. The software lets the retailer offer its customers multi-channel shopping experiences that integrate traditional in-store retail with digital interfaces by orchestrating back-end fulfillment operations.
Freight and logistics software provider DLT Labs has changed its name to KNNX Corp. (pronounced Connects). The Toronto-based company manages transaction data for customers in the retail, food & beverage, healthcare, mining and agriculture industries.
SNC-Lavalin has been awarded an initial works contract by EcoProBM, a cathode materials specialist, to design and build one of Canada’s largest Cathode Active Material (CAM) plants in Bécancour, Québec. The initial works contract is worth approximately $141 million, and represents SNC-Lavalin’s first major mandate in the electric vehicle (EV) battery market in Canada.
Lineage Logistics has bought eight facilities from Burris Logistics, a temperature-controlled food distribution company. Financial terms of the transaction were not disclosed. The eight cold storage facilities will provide nearly 1.3 million square feet of capacity and approximately 115,000 pallet positions across facilities in Lakeland, and Jacksonville, Florida; McDonough, Georgia; Edmond, Oklahoma; New Castle, Delaware; Waukesha, Wisconsin; and Federalsburg, Maryland.
Cardinal Global Logistics is using the Descartes e-Customs solution. Cardinal has grown from manually processing 1,000 customer entries per month three years ago to managing 15,000 monthly entries today. Cardinal is the world’s biggest employee-owned logistics business, with more than 6,000 clients – in various sectors and with a network serving over 500 ports and airports.
Tompkins Robotics and Kardex Solutions have partnered so that Kardex Solutions can offer their AutoStore solution paired with an adjacent Tompkins Robotics tSort solution.
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