News / Forwarders hit the acquisition trail, with a daily double for Panalpina

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M&A activity in the freight forwarding sector is frantic today: Panalpina announced two acquisitions; UPS bought an Irish delivery firm; and Groupe Cat began talks with SNCF Logistics.

And it seems Panalpina’s purchase of two forwarders in as many days does not mark the end of the acquisition trail – more buys are planned.

The group has acquired Denmark’s Carelog and Kenyan forwarder Air Connection – less than a year after purchasing Kenya’s Airflo.

The twin Kenyan buy forms part of a strategy aimed at expanding Panalpina’s perishables activity, ...