Divestiture • Business Services

Neovia Logistics Acquires MIQ Contract Division

On June 18, 2013, Neovia Logistics acquired business services company MIQ Contract Division from MIQ Logistics

Acquisition Context
  • This is Neovia Logistics’ 1st transaction in the Business Services sector.
  • This is Neovia Logistics’ 1st transaction in the United States.
  • This is Neovia Logistics’ 1st transaction in Kansas.

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M&A Deal Summary

Date June 18, 2013
Target MIQ Contract Division
Sector Business Services
Buyer(s) Neovia Logistics
Sellers(s) MIQ Logistics
Deal Type Divestiture

Target Company

MIQ Contract Division

Kansas, United States
MIQ's contract logistics business provides warehouse management and fulfillment services, distribution solutions and other value-added logistics services through a network of nine facilities in the United States and Canada.
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Buyer Overview 1

Buyer

Neovia Logistics

Irving, Texas, United States

Category Company
Founded 1987
Sector Transportation
DESCRIPTION

Neovia Logistics is a provider of integrated logistics services, including service parts logistics, warehousing, business support services, order and inventory management, and other value-added services. Neovia Logistics was founded in 1987 and is based in Irving, Texas.


Deal Context for Buyer #
Overall 1 of 2
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Kansas 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Temmel Logistik Center

Graz, Austria

Temmel Logistik Center GmbH is a provider of automotive manufacturing inbound logistics support services. TLC offers assembly, rework, quality control, warehouse management and order picking - also directly at the point of need at your customer or in your vicinity - and thus cover the entire process of the supply chain. Temmel Logistik Center was founded in 1996 and is based in Graz, Austria.

Buy -

Seller Profile 1

SELLER

MIQ Logistics

Overland Park, Kansas, United States

Category Company
Sector Transportation
DESCRIPTION

MIQ Logistics is a third party logistics company that enables companies to improve their transportation network and overall supply chain efficiency by offering flexible logistics solutions supported by Web-native technology and global logistics management capabilities.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Kansas 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-03 The Logistics

Rochester, United Kingdom

The Logistics Corporation Ltd. provides warehousing facilities to remote places.

Buy -