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Announced

Completed

Senko Group completed the acquisition of a majority stake in Simon Transport.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For75%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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transportation

Acquisition

Completed

Single Bidder

Private

Cross Border

Friendly

Australia

Transportation Services

Majority

Synopsis

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Senko Group, an integrated logistics company, completed the acquisition of a majority stake in Simon Transport, a in land and rail transportation as well as warehousing business in Australia. Financial terms were not disclosed. With Simon National Carriers becoming a member, the SENKO Group is focusing on further expanding business by leveraging the know-how and networking capabilities that Simon National Carriers possesses with heavy and specialized cargo transportation. The SENKO Group will also be looking to secure new customers, not only in Australia but on a global scale, by harnessing its forwarding know-how.

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