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The information below comes from the UK Activity Report.
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Ocean Ocean Group has announced plans for a £3.2bn merger with NFC, in order to create a major new logistics group called Exel. 22-Feb-2000 Ocean Group is to sell its Cory Towage marine services business to Wijsmuller of the Netherlands for £82m, in order to focus on global logistics. 15-Jan-2000 Ocean Group has acquired Parkhill Reclamation, the Midlands waste management company, in a £41m deal that will double the landfill bank of Ocean's Cory Environmental Management subsidiary. 25-Sep-1999 Ocean is acquiring Parkhill Reclamation for £41m in order to expand its waste management business. 14-Sep-1999 Ocean Group is to acquire Mark VII, the US freight brokerage, for £142m, and is now seeking air and sea freight acquisitions in Europe. 28-Jul-1999 Ocean Group is planning to spend up to £300m on acquisitions to expand its international freight and logistics business, and is particularly interested in North America and continental Europe. 02-Mar-1999 Ocean Group has acquired AW Fenton, the US provider of customs clearance for air and sea freight, for £10m. 08-Oct-1998 Ocean Group is acquiring Skyking Freight Systems of the US for £4.8m, as part of a strategy to build up a US logistics business to complement its international air freight forwarding operation. 08-Aug-1998 Ocean is forming an alliance with Caliber Logistics, a subsidiary of FDX Corporation, to give its MSAS freight forwarding division access to Caliber's road distribution network in the US. 31-Jul-1998 Ocean Group is to merge its freight forwarding business with its smaller road distribution companies forming a new operation called MSAS Global Logistics, in order to enable its multinational customers to deal with a single organisation. 20-Jul-1998 Ocean, the logistics company, is acquiring Mercury Holdings, the newspaper distribution business, for an initial £30m. 21-May-1998 Ocean Group is acquiring a 67% stake in Intexo, the Dutch logistics company, for undisclosed terms, and is looking to acquire additional companies for up to £50m. 02-Dec-1997 Ocean Group is planning to invest £300m in the acquisition of international logistics companies by the end of 1998, having sold its oil services business for £328m. 01-Aug-1997 Ocean Group is planning to sell its flotilla of offshore-support vessels to Tidewater of the US for £328m, and will use the proceeds for acquisitions. 21-Mar-1997 The information above comes from the UK Activity Report Copyright UK Business Park 1995-2007