LX Pantos spreads its wings as ecommerce traffic drives network expansion
South Korean 3PL LX Pantos said yesterday it had paid $156m to acquire the 11-storey ...
While Hyundai’s struggles might be garnering most of the headlines in South Korea’s business press, its express logistics firm Logen is also eyeing a gathering list of possible suitors circling to buy it. Strategic buyers such as UPS and DHL are interested, it is also attracting the attention of private equity funds keen to get piece of the e-commerce-driven logistics growth.
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