Monkey Rock Group Inc. (OTC: MKRO), a US-based corporation, announces the acquisition of FGL GLOBAL LOGISTICA LTDA and C-FREIGHT AGENCIAMENTOS INTERNACIONAIS LTDA. These strategic acquisitions, finalized on July 22, 2024, through its subsidiary Global United Logistic and managed by Sviluppo Dati S.r.l., are set to boost Monkey Rock's global presence and business strategy, generating combined annual revenues exceeding €56 million.
The newly acquired companies generate a combined revenue of approximately €56 million with an EBITDA margin of 34.1%, substantially boosting Monkey Rock's financial performance and market position.
Monkey Rock aims to enhance production processes by integrating digitalization across all operations, leveraging Sviluppo Dati's expertise. Additionally, the company is committed to ecological transition, focusing on transforming traditional logistics and transportation into green, zero-emission solutions, aligning with global sustainability goals.
Giuseppe Esposito, President of Monkey Rock Group, stated, "We are pleased to announce these strategic acquisitions. They underscore our commitment to growth and global presence, demonstrating MKRO's readiness to establish its independent identity while driving innovation and sustainability in the logistics sector."
Monkey Rock Group Inc. (OTC: MKRO), a company based in Italy within the European Union. It operates in the overnight and general freight shipping sector, competing with industry giants like FedEx Corporation (NYSE: FDX), United Parcel Service (NYSE: UPS), Alibaba Group Holding Limited (NYSE: BABA), Amazon.com, Inc. (NASDAQ: AMZN), CSX Corporation (NASDAQ: CSX), Union Pacific Corporation (NYSE: UNP), among others. Monkey Rock’s workforce has over 1900 employees, overseeing 70 plants. Notably, the company achieved annual consolidated revenues amounting to $285 million, Read more.
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