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  5. AIT Worldwide Logistics Acquires Fiege Forwarding

M&A Deal Summary

AIT Worldwide Logistics Acquires Fiege Forwarding

On December 21, 2020, AIT Worldwide Logistics acquired transportation company Fiege Forwarding from FIEGE Logistik Stiftung & Co. KG

Acquisition Highlights
  • This is AIT Worldwide Logistics’ 5th transaction in the Transportation sector.
  • This is AIT Worldwide Logistics’ 1st transaction in Germany.

M&A Deal Summary
Date 2020-12-21
Target Fiege Forwarding
Sector Transportation
Buyer(s) AIT Worldwide Logistics
Sellers(s) FIEGE Logistik Stiftung & Co. KG
Deal Type Divestiture

Target

Fiege Forwarding

Greven, Germany
Fiege Forwarding is known for their strong command of air and ocean shipping to and from Asia and Europe, with specialized subject matter expertise in the e-Commerce, healthcare, and industrial sectors, including aircraft-on-ground (AOG) services.

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Buyer(S) 1

Buyer

AIT Worldwide Logistics

Itasca, Illinois, United States
Category Company
Founded 1979
Sector Transportation
DESCRIPTION

AIT Worldwide Logistics is a global freight forwarder that helps its customers grow by expanding access to markets all over the world where they can sell and/or procure raw materials, components, and finished goods. AIT Worldwide Logistics was founded in 1979 and is based in Itasca, Illinois.

DEAL STATS #
Overall 5 of 10
Sector: Transportation M&A 5 of 10
Type: Divestiture M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Panther Group

Northampton, United Kingdom

Panther Group is an independent two-man home delivery firm that provides transport, distribution, logistics, and warehousing services. Specializing in the retail and e-commerce sectors, its customers include Wayfair, Silentnight, Dunelm, Maze, Decathlon, and Habitat. Panther Group was formed in 1989 and is based in Northampton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Intelligent Logistics

Austin, Texas, United States

Intelligent Logistics is a firm with expertise in freight forwarding, cartage, warehousing, and truckload brokerage. Intelligent Logistics also manages the Spur Freight brand and serves a broad range of specialized sectors, including technology, food, and beverage, automotive, manufacturing, and e-Commerce reverse logistics, handling nearly 40,000 shipments annually. Intelligent Logistics was founded in 2002 and is based in Austin, Texas.

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Seller(S) 1

SELLER

FIEGE Logistik Stiftung & Co. KG

Greven, Germany
Category Company
Sector Transportation
DESCRIPTION

FIEGE Logistik Stiftung & Co. KG is a provider of logistic services.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Merlin Distribution

Sheffield, United Kingdom

Merlin Distribution Ltd. is a provider of outsourced logistics services.

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Mergr

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