| 43. Wednesday May 26, 2021 – Monthly
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| DSV Panalpina Acquires Global Integrated Logistics |
| DSV Panalpina is once again set to reshuffle the global 3PL power ranking. Five years after the acquisition of UTi Worlwide and only two years after taking over Swiss 3PL Panalpina, of which it has just completed full integration, the Danish 3PL is acquiring Agility’s Global Integrated Logistics (GIL) for $4.2 billion. With this move, its workforce will grow by 17.000 employees, reaching 70.000 across the globe, ... Read more |
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PlusAI is Ready to Go Public |
| Autonomous truck navigation system specialist PlusAI is merging with special acquisition company Hennessy Capital Investment, a clear sign that it is ready to hit the market, the stock market that is. According to the Wall Street Journal, this move, which is expected to close during Q3 2020, should provide about $500 million in gross proceeds and a market capitalization of roughly $3.3 billion. This fresh cash injection should ... Read more |
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Toyota Acquires Self Driving Technology |
| Lyft is following in the footsteps of Uber, its larger competitor, in selling in self driving division. Level 5, as it is named, will be acquired by Woven Planet, which is a part of Toyota’s research division, for $550 million, a far cry from the $ 4bn Uber received from Advanced Technology Group (ATG) when it sold it to Aurora Technologies last November. ... Read more |
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Panasonic Completes Acquisition of Blue Yonder |
| As announced last March (see NL #36), Panasonic is confirming the finalization of the acquisition of Blue Yonder. Formerly known as JDA Software, the Scottsdale (Arizona) based Supply Chain Management software company has signed a joint venture with Panasonic in 2019 to “leverage Artificial Intelligence (AI) and Internet of Things (IoT) ... Read more |
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Japan and UAE to Create Hydrogen Supply Chain |
| The governments of Japan and the United Arab Emirates have signed a memorandum of cooperation to create an international supply chain for hydrogen according to this article by Reuters. Japan, a country that plans to reach net zero carbon emissions by 2050, set a goal last December ... Read more |
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Hydrogen Arrives in Truck Stops |
| TravelCenters, America’s largest publicly traded truck stop with 270 plus locations, is forming eTA, a new business unit aimed at providing truckers with alternative energy solutions. It will work with hydrogen-powered truck company Nikola to ... Read more |
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Nils Aden Joins Harren & Partner Group |
| German shipping and logistics group Harren & Partner is strengthening its management team with Nils Aden who is re-joining the group, now as Managing Director, effective May 1, 2021. Nils Aden, age 48, indeed started his career over twenty years ago with Harren & Partner, he has since acquired a wealth of experience from leading roles in international ship management, transformation projects, M&A transactions and integration. In his previous assignments, ... Read more |
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| The editorial team of Supply Chain-Village |
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Contact Hervé Richal: hrichal@agoramedias.fr
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