Monkey Rock Group, Inc. Announces its 2nd and 3rd Acquisitions from its Targeted Business Plan for Global Presence and Enhanced Business Strategy with Annual Revenues In Excess of Fifty Million USD

Rhea-AI Summary

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.

Positive

• Acquisition of two profitable logistics companies with combined revenue of €56 million
• High EBITDA margin of 34.1% from the acquired companies
• Expansion into the Brazilian market, enhancing global presence
• Strategic focus on digitalization and ecological transition in logistics

Negative

• None.

Milan, Italy--(Newsfile Corp. - July 30, 2024) - Monkey Rock Group Inc. (OTC Pink: MKRO), a US corporation organized under Delaware law, is pleased to announce its subsidiary Global United Logistic , Italian corporation organized under Italian law, controlled from through Sviluppo Dati S.r.l., an Italian firm specializing in payroll processing and accounting for logistics, signed acquisition contract for two new Mergers: FGL GLOBAL LOGISTICA LTDA and C-FREIGHT AGENCIAMENTOS INTERNACIONAIS LTDA .

On July 22th, 2024, Global United Logistic signed an agreement to acquire a 100% stake in FGL GLOBAL LOGISTICA LTDA (www.fglglobal.com) and C-FREIGHT AGENCIAMENTOS INTERNACIONAIS LTDS (https://cfreightlogistics.com) together generating approximately € 56 million in revenue with EBITDA of 34.1% .

Monkey Rock's strategic goal is to enhance production processes by integrating digitalization across all operations, leveraging Sviluppo Dati's expertise. The company is also dedicated to ecological transition, aiming to transform traditional logistics and transportation into green, zero-emission solutions.

Our President Giuseppe Esposito stated "We are pleased for these strategic and important transactions for Monkey Rock. These two additional acquisitions demonstrate the commitment to a strategic plan of growth and Global Presence for the Monkey Rock Group and where MKRO has confirmed to be ready and demonstrates its willing to establish its independent identity."

Giuseppe Esposito
President
Monkey Rock Group, Inc.
GE Holding SRL
+3902800281

Forward-looking statements

This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Monkey Rock Group, Inc., (MKRO), certain of the plans and objectives of MKRO with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as "anticipates", "assumes", "believes", "estimates", "expects", "should", "will", "will likely result", "forecast", "outlook", "projects", "may" or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where MKRO operates, industry consolidation and competition. As a result, MKRO actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218208

FAQ

What companies did Monkey Rock Group (MKRO) acquire in its recent announcement?

Monkey Rock Group (MKRO) acquired 100% stakes in two Brazilian logistics companies: FGL GLOBAL LOGISTICA LTDA and C-FREIGHT AGENCIAMENTOS INTERNACIONAIS LTDA.

How much revenue are the newly acquired companies expected to generate for MKRO?

The newly acquired companies are expected to generate approximately €56 million in revenue for Monkey Rock Group (MKRO).

What is the EBITDA margin of the companies acquired by Monkey Rock Group (MKRO)?

The EBITDA margin of the companies acquired by Monkey Rock Group (MKRO) is 34.1%.

What are the strategic goals of Monkey Rock Group (MKRO) with these acquisitions?

Monkey Rock Group (MKRO) aims to enhance production processes through digitalization, promote ecological transition in logistics, establish a global presence, and implement green, zero-emission solutions in traditional logistics and transportation.