Skip to main content

Monkey Rock Group Inc. (OTC: MKRO) Expands Global Presence with Strategic Acquisitions

Monkey Rock Group Inc. (OTC: MKRO) Expands Global Presence with Strategic Acquisitions

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.

 

Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.

Media Contact
Company Name: The Street Reports
Contact Person: Editor
Email: Send Email
Country: United States
Website: http://www.thestreetreports.com


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.