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MIQ Logistics Acquired by Noatum Logistics
March 29, 2019 |Trade Business

Noatum Logistics reached a deal to acquire MIQ Logistics, the companies said in a March 21 news release. MIQ's workforce will be integrated with Noatum, a division of Noatum Maritime of Spain, "as there is no geographical overlap except in Chile, where the services complement each other," the companies said. The acquisition is expected to close in the "coming weeks." Terms of the deal weren't released. MIQ is based in Kansas and has more than 60 offices in 19 countries. "Together, we will be able to grow more quickly, ensuring our employees and clients’ satisfaction at all times," MIQ CEO John Carr said. "This is the right move, at the right time with the right company.” MIQ is owned by private equity firm Austin Ventures.

C.H. Robinson Buys Spanish Brokerage Space Cargo
March 5, 2019 |Trade Business

C.H. Robinson will buy The Space Cargo Group for about $48 million, the company said in a news release. The Space Cargo Group is headquartered in Madrid, Spain, and offers customs brokerage and international freight forwarding services, it said. “We continue to look for ways to capitalize on the opportunity to grow globally, in part by acquiring leading local providers that share our commitment of best-in-class service and execution," said Bob Biesterfeld, who will become CEO of C.H. Robinson in May. "This enables us to better support our customers of all sizes and enhance returns as we integrate these companies into our global business.”