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Ocean Group has announced plans for a £3.2bn merger with NFC, in order to create a major new logistics group called Exel.

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.

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.

Ocean is acquiring Parkhill Reclamation for £41m in order to expand its waste management business.

Ocean Group is to acquire Mark VII, the US freight brokerage, for £142m, and is now seeking air and sea freight acquisitions in Europe.

Ocean Group has acquired AW Fenton, the US provider of customs clearance for air and sea freight, for £10m.

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.

Ocean, the logistics company, is acquiring Mercury Holdings, the newspaper distribution business, for an initial £30m.

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.

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.