MIQ Logistics Acquired by Noatum Logistics
Noatum Logistics reached a deal to acquire MIQ Logistics, the companies said in a March 21 news release. MIQ's workforce will be integrated with Noatum, a division of Noatum Maritime of Spain, "as there is no geographical overlap except in…
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Chile, where the services complement each other," the companies said. The acquisition is expected to close in the "coming weeks." Terms of the deal weren't released. MIQ is based in Kansas and has more than 60 offices in 19 countries. "Together, we will be able to grow more quickly, ensuring our employees and clients’ satisfaction at all times," MIQ CEO John Carr said. "This is the right move, at the right time with the right company.” MIQ is owned by private equity firm Austin Ventures.