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Announced

GLS to acquire Rosenau Transport for $287m.

Financials

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Transaction Value£210m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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freight cars

Friendly

logistics

Cross Border

Single Bidder

Private

Pending

Freight Forwarding

Acquisition

Majority

Canada

Synopsis

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General Logistics Systems, a logistics company, agreed to acquire Rosenau Transport, an independent freight carrier, for $287m. The acquisition is subject to the customary closing conditions and regulatory approvals. "The addition of Rosenau Transport to GLS complements and enhances our Accelerate strategy. With this acquisition, GLS expands its service in Canada significantly and aims to play a significant role as a national logistics provider for parcels, LTL, FTL and customers brokerage with US reach,” Martin Seidenberg, GLS Group CEO.

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