M&A Deal Summary

MingZhu Logistics Acquires Oxylus

On May 31, 2024, MingZhu Logistics acquired communications company Oxylus

Acquisition Highlights
  • This is MingZhu Logistics’ 1st transaction in the Communications sector.
  • This is MingZhu Logistics’ 1st transaction in Switzerland.

M&A Deal Summary
Date 2024-05-31
Target Oxylus
Sector Communications
Buyer(s) MingZhu Logistics
Deal Type Add-on Acquisition

Target

Oxylus

Zug, Switzerland
Oxylus is a digital asset infrastructure service company deploying and operating the world's first virtual Starlink and space-based supercomputing and optical communications network. Oxylus is based in Zug, Switzerland.

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Buyer(S) 1

Buyer

MingZhu Logistics

Shenzhen, China
Category Company
Founded 2002
Sector Transportation
Employees180
Revenue 89M USD (2023)
DESCRIPTION

MingZhu Logistics provides trucking and delivery services using its truckload fleet and subcontractors in China. The company provides dedicated truckload services to sizeable logistics companies, freight forwarders, and warehouse operators. It operates a truckload fleet with 132 tractors and 90 trailers. MingZhu Logistics was founded in 2002 and is based in Shenzhen, China.

DEAL STATS #
Overall 5 of 5
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (Switzerland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Guizhou Alliance Liquor Management

Guizhou, China

Guizhou Alliance Liquor Management is a liquor distributor that focuses on distributing Baijiu brewed in Maotai town. Guizhou Alliance Liquor Management is based in Guizhou, China.

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