MNX acquires Network Global’s express division

The buy “cements MNX as the largest independent specialty logistics provider serving the life sciences, healthcare, medical device, aviation and technology industries.”

MNX acquires Network Global’s express division

The buy “cements MNX as the largest independent specialty logistics provider serving the life sciences, healthcare, medical device, aviation and technology industries.”

MNX acquires Network Global’s express division

The buy “cements MNX as the largest independent specialty logistics provider serving the life sciences, healthcare, medical device, aviation and technology industries.”

 
Third-party provider MNX Global Logistics has acquired the express division of fellow 3PL Network Global Logistics, according to a joint statement from the companies.
    Financial terms of the deal were not disclosed, but the firms said the addition of NGL’s express division “cements MNX as the largest independent specialty logistics provider serving the life sciences, healthcare, medical device, aviation and technology industries.” NGL was founded in 1971 as the industry’s first same-day air courier and now provides integrated supply chain services, specializing in warehousing, distribution, service parts logistics and forward stocking locations services.
    “With this combination, MNX and NGL are better positioned to support customers looking to tap opportunities for growth throughout the world,” the companies said.
    The purchase comes shortly after a July recapitalization from MNX investor Audax Private Equity that was meant to accelerate the company’s strategic plan of pursuing acquisitions in the time-critical logistics market. MNX said it would continue to hunt for M&A opportunities that fit this mold.
    Based in Long Beach, Calif., MNX provides specialized, expedited transportation and logistics services to clients across the biopharmaceutical, life sciences, medical device, aviation and entertainment industries. The company has regional headquarters in Singapore, Amsterdam and Miami, offering dedicated hand-carries, next-flight-out, inventory management, fulfillment operations and 4PL services management in more 190 countries worldwide.

We’re spending about $15 billion a year more from the [federal highway] trust fund than we’re bringing in revenue, and that kind of imbalance between revenue and spending can’t continue.
 

The United States' major retail container ports handled 1.75 million TEUs in April, which was a 6.9% year-over-year increase, according to the Global Port Tracker. 

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MNX acquires Network Global’s express division

The buy “cements MNX as the largest independent specialty logistics provider serving the life sciences, healthcare, medical device, aviation and technology industries.”

on Dec 11, 2018AmericanShipper.com

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MNX acquires Network Global’s express division

The buy “cements MNX as the largest independent specialty logistics provider serving the life sciences, healthcare, medical device, aviation and technology industries.”

on Dec 11, 2018AmericanShipper.com