TFI International Acquires Vedder Transportation Group; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
TFI International Inc. (TSX:TFII) has announced the acquisition of Vedder Transportation Group, a company specializing in the tank truck transport of food grade liquids and dry bulk commodities. The financial terms of the deal were not disclosed. Vedder, which generates annual revenues in excess of CAD $80 million, will join TFI International's Specialized Truckload business segment.
September 05, 2023 | 12:14 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
TFI International's acquisition of Vedder Transportation Group could potentially expand its services and increase its revenue, given Vedder's annual revenue of over CAD $80 million.
The acquisition of Vedder, a company with a significant annual revenue, could potentially increase TFI International's revenue and expand its services in the tank truck transport sector. This could make the company more attractive to investors, potentially leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100