Logistics Company’s Billion Dollar Buyout to Attract PE


May 2, 2013

This week’s deal of the week looks to be a rumored buyout of Syncreon Logistics for about USD 1 billion, according to Bloomberg citing anonymous sources. The report says that PE bidders are the likeliest buyers, though logistics firms including Deutsche Post AG may also take a look. Syncreon handles logitstics for the likes of General Motors and Dell Inc. It is based in Michigan and is active in 25 countries with about 12,000 employees, according to a November press release.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedIn