CH Robinson Announces Acquisition of Canada's Largest Freight Milgram
- Author:Alvin
- Source:HKSG-GRUP
- Release Date:2017-09-09
Recently, CH Robinson, the world's leading third-party logistics company, continued to expand its global presence and announced the completion of its acquisition of Milgram, Canada's largest freight forwarding company.
The cost of the acquisition of Milgram was $ 62 million (about $ 50 million) in cash.
It is reported that, after the completion of the merger, CH Robinson will integrate the largest freight forwarding in Canada into its global freight sector and use the company's existing unified global technology system.
"Today, the most respected Canadian freight forwarder will join the CH Robinson family, which is the third time we've been in the last five years," said John Wiehoff, chairman and chief executive officer of CH Robinson, at the acquisition conference. Freight acquisition.
"The acquisition marks the pace of our global expansion has not stopped, and we are very proud of joining these companies for CH Robinson, and Milgram's joining will provide a unique opportunity to strengthen our global freight forwarders and customs agents in Canada service.
"We look forward to continuing to help Milgram many customers after the merger to help them improve the existing supply chain and provide a more complete set of logistics services."
Headquartered in Montreal, Canada, Milgram is a leading customs broker and freight forwarder providing customers with transportation and warehousing services. The company currently has more than 3,500 active customers, with more than 330 employees and 7 branches in North America (6 Home in Canada, one in the United States). Milgram is also the winner of the Best Management Enterprise Gold Award in Canada.
For the fiscal year ended May 31, 2017, Milgram recorded total revenues of $ 153.3 million (approximately $ 124 million).
The cost of the acquisition of Milgram was $ 62 million (about $ 50 million) in cash.
It is reported that, after the completion of the merger, CH Robinson will integrate the largest freight forwarding in Canada into its global freight sector and use the company's existing unified global technology system.
"Today, the most respected Canadian freight forwarder will join the CH Robinson family, which is the third time we've been in the last five years," said John Wiehoff, chairman and chief executive officer of CH Robinson, at the acquisition conference. Freight acquisition.
"The acquisition marks the pace of our global expansion has not stopped, and we are very proud of joining these companies for CH Robinson, and Milgram's joining will provide a unique opportunity to strengthen our global freight forwarders and customs agents in Canada service.
"We look forward to continuing to help Milgram many customers after the merger to help them improve the existing supply chain and provide a more complete set of logistics services."
Headquartered in Montreal, Canada, Milgram is a leading customs broker and freight forwarder providing customers with transportation and warehousing services. The company currently has more than 3,500 active customers, with more than 330 employees and 7 branches in North America (6 Home in Canada, one in the United States). Milgram is also the winner of the Best Management Enterprise Gold Award in Canada.
For the fiscal year ended May 31, 2017, Milgram recorded total revenues of $ 153.3 million (approximately $ 124 million).