Korea's CJ Group enters bidding war for Daewoo Logistics in aim to join top five

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By Alex Lennane

21/04/2015

Korea seems to be following Japan in the M&A race. CJ Korea Express has said it wants to acquire Daewoo Logistics, to help fulfil an aim to make it one of the top five global logistics companies by 2020. It recently lost out on APL Logistics and is likely to be bidding against POSCO on this deal. Daewoo Logistics, meanwhile, saw operating profits spike 490% last year through its networks in Japan, China, Singapore, Indonesia and Myanmar.

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Topics

CJ Korea Express Daewoo Logistics Apollo Ceva Ceva Logistics Forward thinking forwarders Merger Mania The CEVA story

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