Monkey Rock Group Inc. (OTC Pink: MKRO) has announced its 2nd and 3rd acquisitions through its subsidiary Global United Logistic. The company has signed contracts to acquire 100% stakes in FGL GLOBAL LOGISTICA LTDA and C-FREIGHT AGENCIAMENTOS INTERNACIONAIS LTDA, two Brazilian logistics firms. These acquisitions are expected to generate approximately €56 million in revenue with an EBITDA of 34.1%.
The strategic goal of these acquisitions is to enhance production processes through digitalization and promote ecological transition in logistics. MKRO aims to establish a global presence and implement a green, zero-emission approach to traditional logistics and transportation. These moves align with Monkey Rock's targeted business plan for global expansion and an enhanced business strategy.
Monkey Rock Group Inc. (OTC Pink: MKRO) has initiated its first acquisition, signing an agreement to purchase a 50% stake in Sviluppo Dati S.r.l., an Italian firm specializing in payroll processing and accounting for logistics companies. This acquisition includes control over Sviluppo Dati's subsidiaries, Global United Logistic and Global United Logistic Iberia, which focus on petrochemical product shipment and generate approximately €7 million in revenue and €430,000 in annual EBIT.
The strategic move aims to enhance production processes through digitalization and promote ecological transition in logistics and transportation. This transaction marks Monkey Rock's establishment of an independent identity and sets the foundation for anticipated global acquisitions in the current calendar year.
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