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Analytiqa: Logistics Bulletin: Friday 17th November

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Analytiqa: Logistics Bulletin: Friday 17th November

Written by Mark O'Bornick
Monday, 20 November 2006
Friday 17th November 2006 – This week's Logistics Bulletin reports on M&A activity from across the globe, with the news that Geodis has acquired TNT's Freight Management business. The transaction has an enterprise value of €460.0 million, cash and debt free. In Latin America, Dachser and Logimasters have established a joint venture in Brazil and in Eastern Europe, the CAT Group has established a subsidiary in the Ukraine. PWC Logistics, after the acquisitions of GeoLogistics, TransOceanic and Trans-Link, has completely re-branded its Group to Agility. The re-branding is expected to be fully complete by 2008. The Bulletin also features third quarter and nine month results from DSV and D. Logistics in Europe and the Stonepath Group in the US. Service developments and contract wins come from DHL Exel Supply Chain, which has launched a new 'direct to pharmacy' service in Australia, to deliver the Government subsidised Prescription Benefit Scheme (PBS) medicines. Elsewhere, Schenker has renewed its contract with Targus and Amtrak has won business back from dabs.com. Senior executive appointments have been announced this week at ProLogis, Pacer International and Eurinpro, whilst arvato logistics services has announced the resignation of its CEO. Other news includes Marks & Spencer increasing its roll-out of RFID and Bridgestone completing the final phase of development at a European Logistics Centre in Zeebrugge. TNT sells Freight Management to GEODIS 16 November 2006 - TNT has signed a Sale and Purchase Agreement (SPA) to sell its freight management business unit to French logistics service provider GEODIS SA. The transaction has an enterprise value of €460.0 million, cash and debt free. TNT estimates cash proceeds of above € 400 million. The transaction will bring TNT a book gain of well over €150.0 million and is expected to close in the first quarter of 2007 subject to regulatory clearances. Final amounts will be calculated on the basis of completion accounts. Peter Bakker, CEO of TNT stated: "We bought the business in 2004 primarily based on a rationale related to Logistics. As part of our Focus on Networks strategy we studied the relationship to our express and mail delivery networks and decided that selling the freight management business is the best way forward and will allow TNT to focus on the many growth opportunities that our network businesses offer. I congratulate GEODIS with the acquisition of this excellent business and wish the management and employees continued success." With revenues last year of €3.6 billion, GEODIS is an international logistics provider with 23,800 employees in a network covering 120 countries. Pierre Blayau, Chairman & CEO of the GEODIS group stated: "We are very excited by the acquisition of TNT Freight Management, which is a valuable company and a perfect fit with GEODIS business model. I am pleased to confirm that Jeff Hoogesteger will remain CEO of TNT Freight Management from Headquarters maintained in the Netherlands". Elsewhere this week: PWC Logistics re-brands to Agility http://www.analytiqa.com/newsitem.aspx?articleid=2026 Dachser and Logimasters establish joint venture in Brazil http://www.analytiqa.com/newsitem.aspx?articleid=2027 Group CAT launches subsidiary in the Ukraine http://www.analytiqa.com/newsitem.aspx?articleid=2035 DSV releases results for first nine months of 2006 http://www.analytiqa.com/newsitem.aspx?articleid=2031 D. Logistics remains on track with Q3 results http://www.analytiqa.com/newsitem.aspx?articleid=2033 Stonepath revenue decreases by 19.0% in third quarter http://www.analytiqa.com/newsitem.aspx?articleid=2039 DHL launches 'direct to pharmacy' service in Australia http://www.analytiqa.com/newsitem.aspx?articleid=2030 dabs.com outsources to Amtrak http://www.analytiqa.com/newsitem.aspx?articleid=2032 Targus extends its logistics contract with Schenker http://www.analytiqa.com/newsitem.aspx?articleid=2036 Marks & Spencer to implement RFID across its stores http://www.analytiqa.com/newsitem.aspx?articleid=2029 Bridgestone opens final phase of European Logistics Centre http://www.analytiqa.com/newsitem.aspx?articleid=2034 ProLogis makes executive appointments http://www.analytiqa.com/newsitem.aspx?articleid=2028 CEO of arvato logistics services steps down from the Executive Board http://www.analytiqa.com/newsitem.aspx?articleid=2037 Eurinpro appoints Werner Knan as Managing Director Germany http://www.analytiqa.com/newsitem.aspx?articleid=2040 Pacer International appoints Chairman and CEO http://www.analytiqa.com/newsitem.aspx?articleid=2038 Click www.analytiqa.com/news.aspx for additional developments added daily. Mid-Tier 3PLs struggle to maintain margins Winners and Losers amongst European 3PLs... Click www.analytiqa.com/pdf/free/WhosWhoinEuropeanLogistics2006.pdf for more details. Which companies are growing revenues faster than their competitors? But how are their margins changing? Who's Who in European Logistics 2006 is a statistical analysis, based on unique primary research exclusive to Analytiqa, of the leading logistics service providers in Europe. Who is striving, thriving or simply just surviving? To see the content available in this report, click www.analytiqa.com/pdf/free/WhosWhoinEuropeanLogistics2006TOC.pdf Analytiqa Gate House, Fretherne Road, Welwyn Garden City, UK, AL8 6NS Tel: +44 (0)1707 37 22 11 Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Bookmark with: Delicious Digg reddit Facebook StumbleUpon What are these?

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