From Procurement to Profit
Browsing Category

Mergers & Acquisitions

Weatherford Sells US Fracking Unit to Schlumberger

Weatherford International plc (NYSE: WFT) has sold its U.S. pressure pumping and pump-down perforating assets, used in hydraulic fracturing of oil and gas wells, to Schlumberger Ltd. for $430 million. The revised deal is an asset sale,…

Diesel Forward and Makelim Unit Merge

The Heavy Duty Division of H.G. Makelim Co. has merged with Diesel Forward, Inc. Both companies distribute aftermarket diesel engine parts for manufacturers such as Bosch, Stanadyne, Denso, Delphi, Alliant Power, Borg Warner, and Holset.…

Target to Acquire Same-Day Delivery Platform

Target Corp. has agreed to acquire Shipt, Inc., an online same-day delivery platform, for $550 million in cash. Target will leverage its network of stores and Shipt's technology platform bring same-day delivery to shoppers nationwide.…

Deloitte: Global Optimism About Growth

As global economies grow in sync for the first time in a decade, optimism surpasses uncertainty among private companies when it comes to their expectations and investment plans, according to Deloitte. In fact, 89% of global private…

Honeywell Invests In Chinese Supply Chain Software Firm

Honeywell has signed an agreement to acquire a 25% ownership interest in FLUX Information Technology, a provider of warehouse management and supply chain software in China. Honeywell will also form a new joint venture company with FLUX's…

Union Pacific Partners With Tech Startup Center

Union Pacific, the world's largest publicly traded freight railroad, is hoping to tap some of Silicon Valley's startup companies to drive innovation in freight transportation. The railroad is partnering with Plug and Play, a leading…

Belgian Post Office Buys E-Commerce Logistics Firm

bpost, Belgium's for-profit postal operator, has acquired logistics firm Radial after obtaining necessary approvals from regulatory authorities. The transaction was valued at $870 million. bpost said the acquisition of Radial, a provider…

AIT Logistics Gets Funding From Quad-C

AIT Worldwide Logistics, a supply chain solutions provider, will pursue acquisitions with backing from Charlottesville, Virginia-based middle market financial firm Quad-C. AIT's President and CEO Vaughn Moore said the new relationship…

Ace Hardware Buys Grommet E-Commerce Site

Ace Hardware Corporation announced that it has completed its acquisition of a majority stake in e-commerce startup The Grommet. The Grommet operates an e-commerce website that markets and sells new and innovative products created by…

Office Depot Moves Into Business Services

Office Depot, Inc. (NASDAQ:ODP) announced that it is pivoting from a traditional office products retailer to a broader business services and technology products platform. As the first step in this new strategic direction, the company…

Bluetooth Automated Tracking for Air Cargo

CORE Transport Technologies, Inc. of New Zealand and ACL Airshop LLC of the US have introduced Bluetooth-enabled logistics technology to provide automated tracking of Unit Load Devices (ULD Equipment) for the global air cargo industry.…

Google and HTC Sign $1.1 Billion Deal

Google and HTC Corporation announced an agreement under which some HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive $1.1 billion in cash from Google, which…

China Using US Technology to Preserve Fresh Fruit

Pagoda, the operator of 2,500 food stores in China and 200 locations internationally, and AgroFresh, a Philadelphia-based technology company, announced a partnership to process fresh fruit in China using the US company's SmartFresh system.…

Methode to Acquire Pacific Insight

Methode Electronics, Inc. (NYSE: MEI), a Chicago-based developer of custom engineered and products and solutions, will acquire Pacific Insight Electronics Corp., a lighting and electronics provider to the transportation industry. The…

Penske to Acquire Old Dominion Leasing

Penske Truck Leasing announced it has entered into an agreement to acquire Richmond, Virginia-based Old Dominion Truck Leasing. Financial terms were not disclosed.The transaction is subject to closing conditions. The firms anticipate…

Robotic Manufacturing Tool Made in UAE

Feb 20, 2017  - Exechon, LLC has introduced its XMini, a robotic, next-generation intelligent portable machine system that uses Parallel Kinematics Machining (PKM) to support industrial automated manufacturing capabilities. As a…

Scintel Acquires Deep Blue Analytics

Feb 16, 2017  - Atlanta-based technology consulting firm Scintel Technologies, Inc. announced the acquisition of New York-based predictive analytics firm Deep Blue Analytics Inc. Deep Blue Analytics Inc. was founded in 2012 to help…

Hyphen Solutions Acquires Pharaoh Information Services

Feb 13, 2017  - Cloud-based construction management software company Hyphen Solutions, LLC, announced the acquisition of Pharaoh Information Services, developer of  residential construction-related software products. Pharaoh offers the…

USPack Acquires JS Logistics

Dec 8, 2016 - USPack Logistics, a same-day courier and transportation company, announced that it has completed the acquisition of JS Logistics, a provider of product storage, distribution and on-demand rush delivery services.…

Graybar Acquires Cape Electrical Supply

June 30, 2016 - Graybar, a distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, announced that it will acquire Cape Electrical Supply.…