Introduction
The transport and logistics sector is navigating a period of fragile balance. In 2025, volume growth was no longer sufficient to offset cost volatility, regulatory pressure, and operational weaknesses on the ground. Even critical scale, long considered protective, now shows its limits in a more unstable and demanding environment, as confirmed by the recent M&A review.
Geopolitical tensions, rising logistical risks, the energy transition, and uneven digital adoption are reshaping performance conditions. At the same time, driver shortages and an aging workforce place human capital at the heart of continuity and competitiveness challenges.
The year 2026 therefore begins with a need for strategic choices. AURIS Finance has become the go-to M&A advisor for Astre, the network of strong and independent SMEs, now the leading European grouping of carriers and logistics providers. Sustainable value creation will rely on companies’ ability to combine operational efficiency, environmental responsibility, and talent attractiveness. For SMEs and mid-caps capable of anticipating these transformations, current constraints can become genuine differentiating levers.
2025: Real Growth Under Structural Constraints
According to Atradius, an international credit insurer specializing in sectoral and macroeconomic risk analysis, the global transport and logistics sector experienced solid growth in 2025. Global output rose by +4.1%, driven by investment recovery and dynamic performance in the Americas, Asia-Pacific, and Europe. China played a leading role, with estimated growth of +5.0%, supported by global demand for its products.
In Europe, growth remained moderate at around +2.4% in 2025. Road transport remains the backbone of intra-European trade, representing approximately 75% of domestic freight, according to EU Transport in Figures, the European Commission’s reference statistical publication on transport. This predominance occurs within a highly fragmented and competitive market.
The European road transport market is estimated between €710–760 billion in 2025. Germany, France, Italy, and Poland account for the majority of flows. Profitability remains structurally low.
France: Intensified Economic Pressure
In France, the sector faces intense competitive pressure. Cost gaps with Eastern European carriers are estimated between 38% and 50%, directly impacting competitiveness. According to the CNR (Comité National Routier), the sector’s net margins hover around 2–3%, among the lowest in the French economy.
This situation led to approximately 3,000 business failures in 2024, mostly affecting SMEs. Cost disadvantages are exacerbated by high taxation, estimated at nearly €4 billion annually (including France’s TICPE, one of Europe’s highest energy taxes), the privatization of toll networks, and anticipated new contributions (eco-taxes, heavy vehicle levies).
At the European level, French carriers account for only 1.7% of international freight, in an environment of increasing competition and rising labor costs.
It is in this context of economic fragility that M&A activity surged in 2025. Large groups acquired companies to grow rapidly and better withstand crises. Globally, 21 deals exceeded $1 billion, according to Logisyn Advisors and Transport Intelligence, with the top 10 representing $115 billion.
Key Global Examples
Union Pacific – Acquisition of Norfolk Southern ($85B)
This major consolidation deal aims to create an integrated rail champion capable of controlling long-distance freight flows across the U.S., from the industrial Midwest to major manufacturing hubs, optimizing national corridors and achieving large-scale efficiencies.
MSC & BlackRock – Acquisition of 43 Hutchison Port Terminals ($22.8B)
This strategic move demonstrates the desire for integrated control of the maritime supply chain, combining ocean transport and port infrastructure to secure global flows, optimize capacity, and capture greater value across the logistics chain.
WiseTech Global – Acquisition of e2open ($2.1B)
WiseTech accelerates its leadership strategy in supply chain management software by integrating advanced real-time tracking and AI-driven optimization solutions, meeting growing demand for visibility and resilience in global logistics networks.
UPS – Acquisition of Andlauer Healthcare Group ($1.6B)
UPS strengthens its exposure to pharmaceutical logistics in North America by integrating a network of 32 temperature-controlled sites to capture structural growth in vaccines, biotech, and high-value healthcare products.
European M&A Highlights
In Europe, acquisitions jumped 30% compared to 2024:
Yusen Logistics – Acquisition of Movianto (€1.25B)
Yusen significantly strengthens its position in European healthcare logistics by integrating a pan-European platform operating in 12 countries, central to highly regulated healthcare value chains.
Groupe Jacky Perrenot – Acquisition of Vos Logistics (€370M revenue added)
This strategic move expands Jacky Perrenot’s road network to six European countries, increases exposure to international flows, and supports its ambition to reach €2B revenue by 2027.
CEVA Logistics – Acquisition of Borusan Tedarik ($440M)
CEVA consolidates its position along the strategic Turkey–Europe corridor by acquiring a leading Turkish market player, enhancing logistics and transport capacity along a key corridor connecting Europe, the Middle East, and Asia.
Major Acquisitions in France in 2025
Geodis acquires Transports Malherbe
Strengthens national network and specialized transport positioning.
Jardel acquires Groupe Naval (Gironde)
Combines temperature-controlled and dry goods transport, significantly increasing presence in southwestern France and surpassing €250M in revenue.
Groupe Alainé acquires Gamba & Rota (Aube)
A merger of two family groups to pool operational capacity, secure succession, and reinforce regional competitiveness.
Dimotrans acquires All Solutions (Bas-Rhin)
Expands full-load freight network with 12 new sites and strengthens international offering.
Katoen Natie (BE) acquires 80% of Bils-Deroo
Secures a majority stake in a key northern France logistics and road transport player, consolidating integrated logistics platform in Western Europe.
Altrans acquires Transports Heid (Moselle)
Regional consolidation to strengthen positions in Grand Est and secure complementary cross-border capacity.
Niocel acquires Transports Gentie (Cantal)
Continuity-driven acquisition, allowing exit from judicial restructuring and preserving a family-owned regional operator.
Prismeo integrates Catroux
Integration expands service portfolio and strengthens operational capacity in high-value niches.
The major global and European acquisitions concentrate high-volume flows with industry leaders but create subcontracting opportunities for French SMEs and mid-caps (particularly in refrigerated pharma and local cold chain). Without adaptation, independents lose ground amid European consolidation.
In France, this trend has resulted in massive absorption of independent carriers by regional groups such as Geodis (national), Jardel (€250M revenue southwest), and Dimotrans (12 Alsace sites), creating near-monopolistic local strongholds.
Logistics: A Strategic Pivot for French Carriers
Logistics represents a major growth axis for French carriers, seeking to secure revenue through more stable activities than pure transport. Government and industry analyses highlight digitalization and automation as priority levers for sustainability and competitiveness, encouraging diversification beyond road tonnage.
This trend is visible in 2025 strategic acquisitions: Dimotrans acquires All Solutions and its 12 full/partial load and warehousing sites, Prismeo integrates Catroux with 25,000 m² storage and 120 employees to offer full logistics services, and Katoen Natie targets Bils-Deroo’s logistics branch rather than traditional road transport.
Government initiatives support this transformation with real-time national logistics data platforms, IoT for goods tracking, and automation subsidies for warehouses and distribution centers. Surveys confirm field priorities: 80% cite digitization as the main cost-reduction lever, while transition to electric fleets and multimodal transport (rail, inland waterways) addresses sustainability requirements.
French carriers are thus building integrated value chains combining transport, digitalized storage, and stable contractual services — a structural strategy to survive 2025–2026 spot freight volatility.
2025: Operational Pressures
Critical scale no longer fully absorbs instability. In 2025, ad hoc transport served as an adjustment variable. The Upply–Transport Intelligence–IRU index, the European benchmark for road transport prices, illustrates this tension: Q3 2025 reached 134.3 points for spot services versus 134.0 points for contracted rates. Annual increases remain limited (+1.9 points), while contracts rise more (+3.1 points).
Contracts secure volumes but leave little margin; ad hoc services require constant renegotiation, shifting pressure to non-productive costs: waiting times, empty returns, regulatory constraints. This tension contributes to economic fragility among some carriers.
A Riskier Global Environment
In 2025, the sector operated in a significantly more unstable international environment, marked by energy cost volatility and renewed trade protectionism. Fuel price fluctuations amid geopolitical tensions complicated cost management and squeezed margins, making long-term contracting harder.
The tightening of U.S. trade policy, including tariffs on Chinese and European imports, disrupted global supply chains, especially transatlantic flows. European companies faced rising logistics costs and reduced export visibility to the U.S., forcing many to rethink sourcing and distribution strategies.
These changes fragmented value chains, altered historic logistics routes, and increased flow volatility, highlighting a riskier global environment where planning and risk management became strategic priorities.
Energy Transition: Shared Goal, Gradual Implementation
The energy transition is now a common strategic horizon, but deployment remains limited. According to ACEA, zero-emission trucks (electric and hydrogen) accounted for 3.6% of new heavy-duty vehicle registrations in the EU in H1 2025, concentrated in a few countries.
Regulatory pressure is rising: Low Emission Zones (ZFE), Eurovignette directive revision, Fit for 55 objectives, and increased CSRD reporting requirements. Many carriers are measuring emissions and gradually decarbonizing fleets. Sustainability is becoming a contractual criterion.
Digitalization: Uneven Key Lever
Digitalization is a major driver of management and resilience, but adoption remains uneven. According to Zebra Technologies, just over one-third of European logistics companies had advanced TMS in 2025, and fewer than one-third a WMS integrated with ERP.
Equipped companies gain visibility on costs, anticipate disruptions, and structure client reporting; others remain exposed to operational surprises. In France, €570M investment under France 2030 supports adoption. Market fragmentation (top five players ~9% total) reinforces need for flexible, interoperable solutions.
Human Resources: Central Risk Factor
Driver shortages remain a primary challenge. IRU estimates 400,000–500,000 unfilled positions in Europe. In France, the average driver age is 48.2 years. For many carriers, HR directly affects service continuity and contractual performance.
2026: Moderate Growth and Strategic Choices
Outlook for 2026 points to slower growth. Atradius projects Eurozone transport and logistics output to rise ~+0.9%. Growth will persist but under constraint, amid increased regulatory pressure and persistently tight margins.
Adaptation dynamics are emerging. According to CNR, 42% of carriers with over 10 vehicles now use automated planning tools, and 31% have detailed profitability analysis tools. Strategies focus on fleet modernization, strengthened territorial presence, closer shipper partnerships, and development of high-value niches.
Conclusion
2025 highlighted a sector under economic, social, and regulatory pressure. 2026 begins a phase of decisive strategic choices. Sustainable performance will rely on three pillars: operational efficiency, environmental responsibility, and human capital.
For SMEs and mid-caps able to anticipate and structure these choices, current constraints can become genuine levers of lasting differentiation.
Expert Insight: Arnaud Jehenne’s Vision for 2026
“The transport and logistics sector demonstrated in 2025 its ability to maintain growth despite constrained margins and increased regulatory pressure. Leading companies no longer simply follow demand: they invest in fleet modernization, process automation, and stronger shipper partnerships. Strategic choices in 2026 will be decisive: combining operational efficiency, environmental performance, and human capital optimization.
Those able to anticipate these changes and rigorously structure strategy will turn constraints into differentiation levers. Consolidation, emergence of high-value niches, and intelligent adoption of new technologies will be key to achieving the next growth milestone and securing a sustainable market position.”
| Date | Cible | Acquéreur(s) | Type d’opération | Descritpion de l’activité | Nationalité |
|---|---|---|---|---|---|
| 02/01/2025 | EVERA (EVO GROUP) | BALTIS,NEWFUND,M CAPITAL PARTNERS, ASTORYA.VC, BUSINESS ANGEL(S), | Capital Innovation | Marque de gestion de flotte et de location de véhicules électriques reconditionnés pour les entreprises | France |
| 02/01/2025 | Neo-Sanidis, Morpheus-Genial | Groupe Coquelle | Build-up | Neo-Sanidis : logistique et distribution de produits volumineux et fragiles pour l’équipement de la maison Morpheus-Genial : transport régional en messagerie palettisée en Île-de-France. | France |
| 08/01/2025 | MTJ LOGISTIQUE | Ducournau | M&A Corporate | Services de stockage et transport de marchandises, déménagement ou location de véhicules avec conducteur, destinés au transport public | France |
| 13/01/2025 | BERNARD MICHEL | Groupe Eonnet | Build-up | Expertise dans la mise à disposition de véhicules industriels avec conducteurs | France |
| 16/01/2025 | HERMOS | XWIFT | M&A Corporate | Entreprise de transport routier spécialisée dans les livraisons express et sur mesure à l’échelle européenne | France |
| 17/01/2025 | TDL GROUP | STEF | M&A Corporate | Entreprise spécialisée dans le transport et la logistique de produits alimentaires frais et surgelés, couvrant l’ensemble de la chaîne du froid. | Belgique |
| 22/01/2025 | Lindbergh Spa en France | Groupe STERNE | Build-up | Activité de livraison de nuit de pièces détachées et de collecte de déchets, intégrant des prestations logistiques urgentes à forte valeur ajoutée. | France |
| 23/01/2025 | Groupe France Europe Transports Rapides (FETR) | TRANSPORTS DUCAMIN | M&A Corporate | France | |
| 03/02/2025 | SHIPEX | SOFINDEV | Capital Développement | Entreprise de commission de transport maritime, spécialisée dans la logistique de la chaîne du froid pour le fret frigorifique | France |
| 05/02/2025 | JETFREEZE | Groupe SOFRILOG | M&A Corporate | Spécialiste de la livraison multi-températures | France |
| 24/02/2025 | DISPEO (ACTIFS DE BEAUVAIS) | LUNDI MATIN | M&A Corporate | Spécialiste des opérations logistiques du e-commerce | France |
| 24/02/2025 | DISPEO (ACTIFS À GUICHAINVILLE) | BIGBLUE | M&A Corporate | Spécialiste des opérations logistiques du e-commerce | France |
| 27/02/2025 | Transports Heid | Groupe Altrans | M&A Corporate | Spécialisé dans le transport alimentaire de céréales en citernes et bennes | France |
| 27/02/2025 | FRIGODOM | LOGIPAR, MANAGER(S) | LBO | Logistique, entreposage et stockage frigorifique | France |
| 28/02/2025 | ALL SOLUTIONS | DIMOTRANS GROUP | Build-up | Organisation de transport et affrètement routier, gestion de la logistique et des solutions d’overseas | France |
| 28/02/2025 | SAFERAIL | COLAS RAIL, COLAS SA | M&A Corporate | Société d’ingénierie concevant et réalisant des systèmes de câbles et d’information de contrôle-commande et de signalisation ferroviaire pour les lignes de métro, tram, train et TGV, et autres réseaux ferrés | France |
| 06/03/2025 | TRANSPORTS CATROUX, CATROUX ENTREPOTS | Groupe PRISMEO | M&A Corporate | TRANSPORTS CATROUX : entreprise de transport qui livre des marchandises pour des clients professionnels CATROUX ENTREPÔTS : entreprise de stockage et de gestion de marchandises en entrepôt | France |
| 10/03/2025 | HERITAGEBIKE | BUSINESS ANGEL(S) | Capital Innovation | Concepteur et fabricant de vélos & motos électriques | France |
| 11/03/2025 | RATP DEV TRANSIT LONDON | FIRST GROUP | M&A Corporate | Exploitation ligne de bus | Royaume-Uni |
| 11/03/2025 | Transports Gentie | Groupe Niocel | M&A Corporate | Spécialistes du transport d’hydrocarbures en citernes | France |
| 31/03/2025 | CRYOPDP | DHL GROUP | M&A Corporate | Solutions logistiques sous température pour essais cliniques et traitements cellulaires et génétiques | France |
| 01/04/2025 | GPK GROUP (GAGNEPARK, OMBRAPARK ET PARK&PLAY) | BPIFRANCE INVESTISSEMENT, JADEL,MANAGER(S) | MBO Bis | Conception de parc de stationnement avec l’intégration d’ombrières photovoltaïques | France |
| 03/04/2025 | SAF AEROGROUP | VESPER INVESTISSEMENT, INFRACAPITAL LP | Capital Développement | Services héliportés de secours et de travaux aériens techniques | France |
| 09/04/2025 | MECHELS VERHUISBEDRIJF | Groupe GOSSELIN | M&A Corporate | Entreprise spécialisée dans le déménagement national et international, pour particuliers et entreprises, avec un service de montage et d’installation des biens. | France |
| 10/04/2025 | COUPÉTRANS | TRANSPORT ROOSENS | M&A Corporate | Entreprise spécialisée dans le transport routier de conteneurs maritimes | France |
| 11/04/2025 | CFC TRANSPORTS | PRISMEO | M&A Corporate | Transport routier, distribution et collecte de palettes (possède une flotte d’une quinzaine de tracteurs et d’une trentaine de semi-remorques) | France |
| 16/04/2025 | PLACE MOBILITEc | TRANSARC | Build-up | Opérateur de transport routier | France |
| 16/04/2025 | ACTIVITÉS CARGO D’AIR BELGIUM | CMA CGM | M&A Corporate | Activités cargo | Belgique |
| 18/04/2025 | OGALO | BUSINESS ANGEL(S) | Capital Innovation | Plateforme de mise en relation avec des transporteurs équins professionnels certifiés. | France |
| 22/04/2025 | ACTIFS DE ZEWAY | HEETCH | M&A Corporate | Location longue durée de scooters électriques avec batterie échangeable | France |
| 22/04/2025 | TRANSPORT MARITIME COTIER (TMC) | THOMAS SERVICES MARITIMES | M&A Corporate | Transport maritime de fret | France |
| 26/04/2025 | BORUSAN TEDARIK | CEVA LOGISTICS | M&A Corporate | Services logistiques en Turquie, services portuaires, services de transport international et services logistiques à l’étranger | Turquie |
| 30/04/2025 | Groupe CYX | Groupe Charles André | M&A Corporate | France | |
| 02/05/2025 | ANOD | KIMA VENTURES, SOWEFUND, BUSINESS ANGEL(S) | Capital Innovation | Concepteur de vélo électrique | France |
| 15/05/2025 | TRANSPORT VERCAUTEREN | XWIFT | M&A Corporate | Acteur offrant des services logistiques, dont le reconditionnement et le réétiquetage | France |
| 21/05/2025 | CONCESSION DE SERVICE PUBLIC POUR L’EXPLOITATION DES LIGNES DE BUS DU SECTEUR CROIX DU SUD | AZIENDA TRASPORTI MILANESI (ATM) | M&A Corporate | Concession de service public pour l’exploitation des lignes de bus du secteur Croix du Sud | France |
| 26/05/2025 | Transport routier TDN | KÜHNENAGEL | M&A Corporate | Transport espagnol de services de logistique routière | Espagne |
| 27/05/2025 | FLUDIS | SOGESTRAN, ADEME INVESTISSEMENT | Capital Développement | Distribution urbaine fluviale | France |
| 27/05/2025 | BLUE LINE LOGISTICS FRANCE (BLL FRANCE) | SOGESTRAN, FLUDIS | M&A Corporate | Transport fluvial | France |
| 06/06/2025 | TRANSPORTS EVANNO | EONNET | M&A Corporate | Société de transport spécialisée dans le transport de céréales en bennes | France |
| 11/06/2025 | ELECTROFER | EUROPORTE | M&A Corporate | Traitement de rails neufs et rechargement de rails usagers | France |
| 16/06/2025 | DELIVRONE | GO CAPITAL, NEO FOUNDERS, NORMANDIE BUSINESS ANGELS (NBA) , NORMANDIE PARTICIPATIONS ,ONE GREEN | Capital Innovation | Transport de matériel médical entre établissements de santé par drones | France |
| 20/06/2025 | LOGI TRANS | Groupe ENVOYE SPECIAL | M&A Corporate | Société spécialisée dans la logistique et la course rapide | France |
| 24/06/2025 | DISPAC | ENVOYÉ SPÉCIAL | Build-up | Transport dédié et à la demande sous température dirigée | France |
| 01/07/2025 | CAMIONS LAGUË | PETIT FORESTIER | Build-up | Transport frigorifique et location de véhicules spécialisés | Canada |
| 01/07/2025 | LOUIS DREYFUS ARMATEURS (LDA) | INFRAVIA CAPITAL PARTNERS | Capital Développement | Armateur de navires vraquiers, de câbliers, de remorqueurs de haute mer, navires rouliers et de moyens logistiques | France |
| 02/07/2025 | TRANSDEV | RETHMANN | Capital Développement | Transport collectif | France |
| 07/07/2025 | T.L.E. (TRANSIT LOGISTIQUE EXPRESS) | LVO GROUPE (LV OVERSEAS) | Build-up | Commissionnaire de transport | France |
| 10/07/2025 | TRANSPORT MICHIELS | DISTRILOG | M&A Corporate | Spécialiste reconnu du transport exceptionnel et hors gabarit | Belgique |
| 15/07/2025 | RUBAN BLEU ELECTRIC BOATS | PERSONNE(S) PHYSIQUE(S),ACTIONNAIRES FAMILIAUX | M&A Corporate | Constructeur français de bateaux électriques sans permis | France |
| 15/07/2025 | DE RUDDER | GROUPE GHEERAERT | M&A Corporate | Acteur du transport, du stockage et de la distribution de marchandises. | France |
| 17/07/2025 | ANGELL (ZEBRA) | REBIRTH | M&A Corporate | Conception et commercialisation de vélos électriques connectés haut de gamme | France |
| 17/07/2025 | ARJO TRANSPORT | TDL GROUP | M&A Corporate | Spécialisé dans le transport de marchandises en bâchées, porte-conteneurs et chariots embarqués | France |
| 23/07/2025 | LOGTRANS | MBO+ | LBO | Transport de matières dangereuses, citernes, container, entreposage | France |
| 29/07/2025 | BLACK PEPPER YACHTS | MANAGER(S) | PERSONNE(S) PHYSIQUE(S), GO CAPITAL, TURENNE GROUPE, FAMILY OFFICES | Chantier naval artisanale de yachts | France |
| 01/08/2025 | SEMAT | GROUPE CAT | M&A Corporate | Logistique et services à valeur ajoutée pour véhicules d’occasion | Espagne |
| 22/08/2025 | CIRRO PARCEL | GOFO EXPRESS | M&A Corporate | Société spécialisée dans la livraison du dernier kilomètre | France |
| 29/08/2025 | AZFALTE (ARANBERG) | VAPAUS | Build-up | La location de vélo de fonction aux entreprises | France |
| 01/09/2025 | TRANS-SOL AVIATION SERVICE (TSAS) | SAMSIC | M&A Corporate | Distribution de carburant aviation en vrac | Canada |
| 04/09/2025 | DESLOG | SOCIETE GENERALE CAPITAL PARTENAIRES (SGCP), CAISSE D’EPARGNE HAUTS-DE-FRANCE (CEHDF), FONDATEUR(S), BPIFRANCE INVESTISSEMENT ,RE-SOURCES CAPITAL | LBO | Groupe logistique spécialisé dans la réalisation de prestations de services logistiques à forte valeur ajoutée pour les PME et ETI | France |
| 08/09/2025 | ENDYMION LOGISTIQUE | BREGER ORGANISATION SERVICES – BOS | M&A Corporate | Spécialiste de l’affrètement routier et de l’optimisation des retours logistiques | France |
| 18/09/2025 | GROUPE PHILIBERT | GROUPE SAPHINE | M&A Corporate | Transport et organisation de voyages | France |
| 23/09/2025 | FREIGHTLINER UK INTERMODAL LOGISTICS | CMA CGM | M&A Corporate | Gestionnaire de réseau ferroviaire au Royaume-Uni | Royaume-Uni |
| 29/09/2025 | ARDANUY INGENIERÍA S.A | SYSTRA | Build-up | Spécialisé dans les systèmes ferroviaires, du métro et des transports urbains | Espagne |
| 30/09/2025 | CHRISTIAN CAVEGN AG | GROUPE STEF | M&A Corporate | Entreprise de transport alimentaire en Suisse | Suisse |
| 30/09/2025 | TRANSFERT SAS | PERSONNE(S) PHYSIQUE(S), GENERIS CAPITAL PARTNERS, CAISSE D’EPARGNE ILE DE FRANCE CAPITAL INVESTISSEMENT (CEIDF CI) | LBO | Transport et logistique de produits agroalimentaires | France |
| 01/10/2025 | Société Daziano | Groupe Ducournau | M&A Corporate | Entreprise spécialisée dans le transport et la logistique de marchandises | France |
| 02/10/2025 | SOUTH COAST LOGISTICS | KATOEN NATIE | M&A Corporate | Entreprise spécialisée dans le transport et la logistique de marchandises | Irlande |
| 02/10/2025 | SATEBA | VOSSLOH | M&A Corporate | Conception et fabrication des traverses de chemin de fer en béton | France |
| 06/10/2025 | ARMOR NAVIGATION | ENTREPRENEUR INVEST, INNER | LBO | Excursions et traversées maritimes sur la côte de Granite Rose | France |
| 22/10/2025 | WESTJET | DELTA AIR LINES, KOREAN AIR, AIR FRANCE KLM | M&A Corporate | Compagnie aérienne opérant sur le continent américain | Canada |
| 27/10/2025 | PANELTEX | THE REEFER GROUP (TRG – CHÉREAU ET SOR) | Build-up | Transport sous température contrôlée | Transport sous température contrôlée |
| 30/10/2025 | MIDDLEGATE EUROPE | TGV TRANSPORTS | M&A Corporate | Entreprise spécialisée dans le transport et la logistique de marchandises | Belgique |
| 30/10/2025 | GROUPE CLARETON | RE-SOURCES CAPITAL, FAMILY OFFICES,MANAGER(S) | LBO | Transports routiers de fret interurbains | France |
| 31/10/2025 | BG&E | SYSTRA | Build-up | Ingénierie pluridisciplinaire dans les infrastructures de transport et les bâtiments complexes | Australie |
| 31/10/2025 | TRANSPORTS BELLEVILLE | GROUPE CLARETON | Build-up | Transports routiers de fret de proximité | France |
| 03/11/2025 | EASTWAY | KUEHNE+NAGEL | M&A Corporate | Spécialiste de la logistique aérospatiale | Irlande |
| 05/11/2025 | BILS-DEROO SOLUTIONS | KATOEN NATIE | M&A Corporate | Branche transport et logistique du groupe Bils-Deroo | France |
| 07/11/2025 | TRACE & GO | SOFRILOG | M&A Corporate | Spécialisée dans la logistique sous température contrôlée | France |
| 19/11/2025 | HSV EXPEDITIE et HANSBEEKS SNELVERVOER | TAILORMADE LOGISTICS | M&A Corporate | Transports spécialisés de marchandises, fortement axés sur l’Espagne et le Portugal | Belgique |
| 20/11/2025 | VOS LOGISTICS | GROUPE JACKY PERRENOT | Build-up | Transport, distribution, entreposage et logistique sur mesure | Pays-Bas |
| 24/11/2025 | THE REEFER GROUP (TRG – CHÉREAU ET SOR) | ARKEA CAPITAL, UNEXO, IDIA CAPITAL INVESTISSEMENT, EPOPEE GESTION, ALIAN INDUSTRIES, BPIFRANCE INVESTISSEMENT, CAISSE D’EPARGNE NORMANDIE CAPITAL (CEN CAPITAL) , ENTREPRENEUR INVEST, ESFIN GESTION, NCI , NORMANDIE PARTICIPATIONS, OUEST CROISSANCE, PICARDIE INVESTISSEMENT, SODERO, VOLNEY DEVELOPPEMENT , , | LBO | Fabrication de remorques sous température (dont carrosseries frigorifiques pour poids lourds) | France |
| 25/11/2025 | FLOTTE DE 15 NAVIRES | JIFMAR OFFSHORE SERVICES | Build-up | Portefeuille de 15 navires opérant principalement au Moyen-Orient | Pays-Bas |
| 26/11/2025 | AXXES | ALGEMENE PENSIOEN GROEP (APG), BRISA, NATIONAL PENSION SERVICE DE LA RÉPUBLIQUE DE CORÉE (NPS), SWISS LIFE ASSET MANAGERS | Build-up | Télépéage interopérable pour les poids lourds | France |
| 01/12/2025 | KEOLIS DOWNER | KEOLIS | M&A Corporate | Prestataires privés de transports publics multimodaux en Australie | Australie |
| 01/12/2025 | SROAD LOGISTIC | DESLOG, CAISSE D’EPARGNE HAUTS-DE-FRANCE (CEHDF) | Build-up | Transport routier et stockage sécurisé de conteneurs maritimes en France et à l’international | France |
| 01/12/2025 | CARS MOUCHET | TRANSARC | Build-up | Transports routiers réguliers de voyageurs | France |
| 01/12/2025 | ACOLEVA | CREDIT MUTUEL EQUITY, MANAGER(S) | LBO | Levage, transfert industriel, manutention et transport exceptionnel | France |
| 01/12/2025 | GAMBA & ROTA | GROUPE ALAINE | M&A Corporate | Logistique et transport des vins et spiritueux | France |
| 03/12/2025 | BSX | GOSSELIN | Build-up | Spécialisée dans le transport de marchandises lourdes et complexes | Qatar |
| 04/12/2025 | DOUGEN PRIM’ | LEROSEY | M&A Corporate | Transport frigorifique | France |
| 09/12/2025 | BOUND4BLUE | OCTAVE CAPITAL, KATAPULT VC, MOTION VENTURES, ODFJELL, REOCEAN FUND,SHIFT4GOOD, GTT STRATEGIC VENTURES, CDTI (INNVIERTE) ,KAI CAPITAL | Capital Innovation | Développement de systèmes de propulsion assistée par le vent pour le transport maritime | Espagne |
| 09/12/2025 | GAMBA & ROTA | ALAINÉ | Build-up | Spécialiste du transport premium de logistique | France |
| 16/12/2025 | FAGIOLI | CEVA LOGISTICS | M&A Corporate | Spécialiste du transport de colis lourds et de projets cargo | Italie |
| 17/12/2025 | KVI-LES ROUTIERS DE L’EST | JUNG LOGISTIQUE | M&A Corporate | Transport et stockage | France |
| 17/12/2025 | MOLDTRANS GROUP | DIMOTRANS GROUP | Build-up | Transport et la logistique. | Espagne |
| 19/12/2025 | MALHERBE | GEODIS | M&A Corporate | Transport de marchandises générales | France |
| 19/12/2025 | LVO GROUPE (LV OVERSEAS) | MML CAPITAL PARTNERS,BNP PARIBAS DEVELOPPEMENT,MANAGER(S) | LBO | Commissionnement en transports Outre-mer | France |
| 19/12/2025 | NHV GROUP | GD HELICOPTER FINANCE | M&A Corporate | Service de transport par hélicoptère | Belgique |
| 22/12/2025 | AXITRANS | XWIFT | Spécialisé dans la distribution et le transport dédié occasionnel. | Belgique | |
| 23/12/2025 | GROUPE TRANSPORT NAVAL | JARDEL SERVICES | Build-up | Location de camions avec chauffeur | France |
| 31/12/2025 | FATTON LYSEO ET OVRSEA | Opérateur dans le secteur du transport et de la logistique en France | M&A Corporate | Opérateur dans le secteur du transport et de la logistique en France | France |
