HutchWatch: Beijing furious; Panama may have to wait
Beijing blindsided?
US-based JAS Worldwide has announced an all-share purchase agreement with France’s Geopost to acquire its Tigers freight forwarding subsidiary.
Rumours had been circulating among transport and logistics M&A folk for a number of months that the Atlanta-headquartered forwarder was on an acquisition spree, and today’s news follows the acquisition of Brazilian forwarder Sonave Logistica.
However, this deal is far larger: founded in Hong Kong in 2011, Tigers has developed a suite of tech-enabled integrated logistics services, from freight forwarding to omni-channel supply ...
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