GLS to acquire Rosenau Transport for $287m.

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.