Logistec to acquire Terminal Division from Fednav for $105m.

Logistec, a North American marine and environmental services provider, agreed to acquire Terminal Division from Fednav, a company in maritime transport industry, for $105m. "We are delighted to welcome FMT to continue to grow together across Canada and the USA. LOGISTEC and FMT have had a long-standing business relationship for decades and joining forces is a natural fit, as we share the same values. The combined capabilities and expertise of both organizations will create solid synergies to deliver operational excellence to marine shippers across North America," Madeleine Paquin, LOGISTEC President and CEO.