SINGAPORE > UK based Duco, the global provider of enterprise data quality and reconciliation services, is set to open new office in Singapore

Duco logo UK based Duco, the global provider of enterprise date quality and reconciliation services, is set to open new office in Singapore. For supporting rapid demand in the region, the new office aims to cater customers in the Asia Pacific. The services offered by Duco are used by global financial institutions to accelerate digital transformation programs . Duco helps companies solve More …

USA > Indonesia based MDI Ventures is set to invest $2 million in USA based logistics technology firm Roambee Corporation

MDI Venture logo Telkom Indonesia’s corporate venture capital firm, MDI Ventures is set to invest $2 million in US based logistics technology firm Roambee Corporation. With the latest investment Roambee aims to expand its supply chain asset- tracking technology to Southeast Asia. The recent investment totals Roambee’s funding to nearly $10 million till date following a $3.1 million investment from German telecommunication company More …

INDONESIA > Singapore based vCargo Cloud (VCC) acquires 60% of Indonesia based Integrated Logistics Player, PT Gatotkaca Trans Systemindo (GTS) for up to $850000

VCC logo For 60% of the share capital of Indonesia based Integrated Logistics Player, PT Gatotkaca Trans Systemindo (GTS), Singapore based vCargo is ready to pay up to $850000. With this investment, vCargo CamelONE deployment reaches 14 customs nodes globally. Under the agreement, VCC is set to pay $850000 for 60 % of the enlarged share capital of GTS and will extend More …

GERMANY > U.S based Zenith Energy is set to acquire a liquid storage terminal facility in Hamburg, Germany from Shell

Shell logo Expected to close in the first half of 2018, Zenith Energy is set to acquire Shell’s liquid storage terminal facility in Hamburg, Germany. However the terms of the transaction has not been disclosed. Located in Germany’s largest seaport which is also the third largest container port in Europe, the 55 hectares terminal asset is located in the Port of Hamburg. More …

BULGARIA > Austria based Cargo-partner invests 15.3 million euro ($17.8 million) on a modern logistics center near Sofia International Airport

Cargo partner logo Austrian Cargo-partner is investing 15.3 million euro ($17.8 million) to construct a modern logistic center near Sofia International Airport that is expected to open in the beginning of 2018. The project is expected to create 20 new jobs and the investment is part of the company’s strategy to strengthen its worldwide warehousing capabilities. Containing 22,000 pallet slots on more than More …

TURKEY > UAE based Abraaj Group Acquires Stake in Netlog Lojistik Hizmetleri, Turkey’s Largest Logistic Company

Netlog Lojistik Dubai, UAE based Abraaj Group has acquired a significant minority stake in Turkey’s largest logistic company, Netlog Lojistik Hizmetleri, a company that operates in both Europe and Asia. Netlog offers a complete supply chain solution by maintaining 65 warehouses with a combined area of more than 1.1 million square meters and owning a fleet of 3200 transport vehicles. Founded in More …