UTi installs first ByBox locker in South Africa
UTi Worldwide announced on Tuesday (15 September) that it has installed the first of the more than 450 UTi ByBox shipment lockers it plans to deploy throughout South Africa.
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UTi Worldwide acquires Span International Group
UTi Worldwide Inc. (NASDAQ:UTIW) today announced the acquisition of Span America Holding Company, Inc. and Span Manufacturing Limited (together, the “Span International Group of Companies” or “Span”), a value-added provider of integrated and customized supply chain management solutions, primarily in North America. The Span International Group of Companies, headquartered in Markham, near Toronto, Ontario, Canada, was previously privately held and will now become part of UTi’s contract logistics team in the Americas. With annual gross and net revenues of approximately USD39.1 million and USD36.0 million, respectively, for the twelve-month period ended December 31, 2005, the Span International Group of Companies is expected to be accretive to UTi’s net income during the first year. Terms of the transaction were not disclosed.
Founded in 1981 by Binny S. Jind, Span’s president and chief executive officer, Span offers value-added logistics to their wide customer base, representing primarily the electronics, automotive, telecommunications, computer hardware and consumer products verticals. Span’s end-to-end logistics services include vendor managed inventory, material flow integration, pre delivery inspection, screening and quality containment, component customization, sequencing, repackaging, assembly, testing and after-market support, among others.
Read MoreUTi Worldwide acquires international healthcare distributors
UTi Worldwide Inc. have announced that a partnership, 74.9% owned by UTi and 25.1% to be owned by a South African black economic empowerment organization, has completed the acquisition of International Healthcare Distributors (Pty.) Limited (IHD) for the purchase price of $40 million in cash, including a loan of $17 million from UTi to the partnership.
Read MoreStaying home: Integres Global Logistics
A year ago, Integres Global Logistics made a splash in the air-cargo industry by announcing that it provide small and medium shippers with global access to multiple carriers. It also said it planned to book shipments to Europe by early this year.
So far, however, Integres hasn’t moved far beyond its initial role as a domestic forwarder. The joint venture of Roadway Express, United Airlines and Unisys Corp., is attracting most of its business from Roadway Air, a subsidiary of Roadway Express.
Read MoreIntegres plan angers forwarders
Forwarders are reacting angrily to the plan by Integres Global Logistics, a new joint venture, to target small and medium-sized shippers
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