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The money is available

A study published by Eyefortransport and entitled «Logistics M & A Activity 1 / 2014 – 6 / 2015» has concluded that buyers select more carefully, but then invest more. Companies pursue a range of strategies to attain their ends.


The number of merger and acquisition deals that firms have closed in the last 18 months has declined slightly vis-à-vis previous periods – but their value has risen steadily. 2013 already saw USD 47.1 billion spent on M & A in the logistics industry worldwide, and in 2014 this figure climbed again to USD 63.5 billion. Now the augurs have predicted that this mark will rise further in 2015 and reach a massive high of USD 75 billion.

 

This projection was made by Eyefortransport (EFT), which has published the conclusions of its assessment of the latest M & A developments in a report entitled «Logistics M & A Activity, January 2014 – June 2015». The analysts emphasised that the strongest investment activi­ty «we have ever seen» was registered in the 3PL logistics segment in the last one and a half years. Even though the absolute number of transactions is expected to be lower in 2015 vis-à-vis 2014 (1,190 versus an estimated 1,076 in 2015), the average dimension of deals has almost doubled, namely from USD 63 million in 2014 to USD 121 million in 2015.

 

XPO Logistics has established itself as the top enterprise in this context. In the period under review it spent approximately USD 5.38 billion on 19 companies, inclu­ding ND. The corporation thus expanded its business volume by 55% in a very short time. C.H. Robinson, in turn, acquired the cargo exchange Freightquote for around USD 365 million, and the Japanese post office invested in three firms (Toll, ODT Australis and the Cambodian railways). The «billionaire’s club» included Kintetsu (APL), FedEx (TNT and two other firms) and DP World (Jebel Ali FZ), whilst firms such as Echo Global Logistics, Road­runner Transportation and Transforce each bought three smaller entities in a short time. The field is characterised by numerous indivi­dual takeovers – with the focus frequently on the selective strategic of rounding off a firm’s portfolio.

Source: International Transport Jounal