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  5. Wallenius Wilhelmsen Acquires Syngin Technology

M&A Deal Summary

Wallenius Wilhelmsen Acquires Syngin Technology

On July 6, 2018, Wallenius Wilhelmsen acquired transportation company Syngin Technology for 22M USD

Acquisition Highlights
  • This is Wallenius Wilhelmsen’s 2nd transaction in the Transportation sector.
  • This is Wallenius Wilhelmsen’s largest (disclosed) transaction.
  • This is Wallenius Wilhelmsen’s 1st transaction in Norway.

M&A Deal Summary
Date 2018-07-06
Target Syngin Technology
Sector Transportation
Buyer(s) Wallenius Wilhelmsen
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

Syngin Technology

Norway
Syngin Technology LLC is a provider of automated logistics solutions for disposition of used vehicles through an electronic marketplace currently operating in the US and Canadian market. Syngin streamlines the movement of vehicles handled by fleet leasing companies and remarketers to auction houses through a virtual marketplace that matches these stakeholders with transportation providers and repair centers. Using a holistic value chain approach and applying re-engineered processes coupled with an integrated software platform, the system enables highly efficient and cost-effective transportation for the unified eco-system around used fleet vehicles.

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Buyer(S) 1

Buyer

Wallenius Wilhelmsen

Lysaker, Norway
Category Company
Founded 1861
Sector Transportation
Employees12,000
Revenue 5.3B NOK (2024)
DESCRIPTION

Wallenius Wilhelmsen is a global logistics company, serving the manufacturing industry with special focus on vehicles, machinery, rail and the energy sector. Wallenius Wilhelmsen was founded in 1861 and is based in Lysaker, Norway.

DEAL STATS #
Overall 2 of 3
Sector: Transportation M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Norway M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-08 Keen Transport

Carlisle, Pennsylvania, United States

Keen Transport is a national provider of heavy-haul logistics and transportation services for the construction, mining and agriculture equipment markets. The company also provides value-added logistics, light assembly, painting, installation of aftermarket accessories, storage, and managed logistics services at facilities near U.S. ports and co-located with customer production facilities.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Armacup Maritime Services

Auckland, New Zealand

Armacup Maritime Services is a maritime shipping company specializing in transporting vehicles and heavy machinery. Armacup Maritime Services was founded in 1980 and is based in Auckland, New Zealand.

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