BBM Logistica to acquire Translovato.

BBM Logistica, one of the logistics operators of road transport in Mercosul, agreed to acquire Translovato, a provider of less than truck-load services. Financial terms were not disclosed. "The logistics sector is sizeable and fragmented in Brazil, with more than BRL140bn ($33.6bn) annual revenues and not a single player with more than 5% share. There is significant room for growth and consolidation. With the combination of organic expansion and selected acquisitions, maintaining our focus on complete solutions to our clients, we can double our revenues each three to five years during consecutive cycles," Andre Prado, BBM CEO.