SingAuto Acquired by Blueport Acquisition | Logistics M&A Deal

Blueport Acquisition has agreed to acquire SingAuto, a logistics other business in Singapore, for $1.2 billion. SingAuto provides green cold-chain logistics technology for smart commercial electric vehicles, including refrigerated commercial vehicle development and testing for frozen, chilled, and fresh produce and pharmaceutical shipments. The company imports semi knocked-down parts from original equipment manufacturers for Middle East manufacturing, sells direct-to-consumer cold-chain logistics services, and licenses technology, patents, and related services to partners. Blueport Acquisition acquisitions are structured as a merger acquisition with a private equity acquisition profile, targeting a Nasdaq-listed holding company upon regulatory and shareholder approvals.