Transport M&A news: transport mergers and acquisitions in 2026
Every transport merger, acquisition, take-private and carve-out we have verified in 2026, newest first. Updated every morning.
Lufthansa Group → TAP Air Portugal (44.9% stake)$1.2bnAegis Logistics → Tristar Holdings (89.8%)$809mAdvent International, FedEx, A&R and PPF consortium → InPost S.A.$9.2bnMacquarie Asset Management-led consortium → Qube Holdings Limited$8.3bnApollo Global Management (Eagle Bidco) → easyJet plc$7.7bnHapag-Lloyd AG → ZIM Integrated Shipping Services Ltd.$4.2bnStonepeak → United Ports LLC (25% stake in CMA CGM terminal portfolio)$2.4bnNIPPON EXPRESS HOLDINGS, INC. (NX Group) → Metro Supply Chain Group Inc.$1.3bnGlobal Infrastructure Partners (BlackRock) → TCR$1.3bnS.F. Holding Co., Ltd. → J&T Global Express (10% stake)$1.1bnNippon Yusen Kabushiki Kaisha (NYK Line) → NS United Kaiun Kaisha, Ltd.$990mTPG (Lexicon Korea Holdco) → Lotte Rental Co., Ltd. (61.17% stake)$930m
24Deals tracked
$41.1bnDisclosed value
$9.2bnLargest deal
10Completed
Transport M&A news: transport mergers and acquisitions in 2026
- 15 Oct 2026A.P. Moller Capital agrees to buy port operator Portek from MitsuiA.P. Moller Capital (Emerging Markets Infrastructure Fund II) → Portek International Pte. Ltd. (from Mitsui & Co.)Transport / PortsAgreedUndisclosed
- 14 Oct 2026Lufthansa wins race for TAP Air Portugal stake with €1bn-plus offerLufthansa Group → TAP Air Portugal (44.9% stake)Transport / AirlinesAnnounced$1.2bn
- 14 Oct 2026Aegis Logistics agrees US$809m deal for control of Dubai's TristarAegis Logistics → Tristar Holdings (89.8%)Transport / Energy logisticsAgreed$809m
- 12 Oct 2026Asterion moves to buy French truck lessor FraikinAsterion Industrial Partners → FraikinTransport / Commercial vehicle leasingAnnouncedUndisclosed
- 11 Aug 2026TPG agrees ₩1.31tn deal for control of Lotte RentalTPG (Lexicon Korea Holdco) → Lotte Rental Co., Ltd. (61.17% stake)Transport / Car rentalAgreed$930m
- 6 Aug 2026Apollo agrees £5.7bn takeover of easyJetApollo Global Management (Eagle Bidco) → easyJet plcTransport / AirlinesAgreed$7.7bn
- 31 Jul 2026NYK moves to take NS United Kaiun private in ¥156.9bn dealNippon Yusen Kabushiki Kaisha (NYK Line) → NS United Kaiun Kaisha, Ltd.Transport / Dry bulk shippingAgreed$990m
- 16 Jul 2026Omio buys Rail Europe to build a rail ticketing heavyweightOmio Group → Rail EuropeTransport / Rail ticket distributionCompletedUndisclosed
- 6 Jul 2026InfraVia agrees to buy marina group D-Marin from CVCInfraVia Capital Partners (InfraVia European Fund VI) → D-MarinTransport / MarinasAgreedUndisclosed
- 16 Jun 2026Norwegian agrees SEK7.94bn deal for Ving owner NLTGNorwegian Air Shuttle ASA → Nordic Leisure Travel Group ABTransport / Travel and airlinesAgreed$845m
- 14 May 2026Brookfield buys air cargo agent WFC from EQT and PAIBrookfield (private equity) → World Freight CompanyTransport / Air cargo servicesAgreedUndisclosed
- 17 Apr 2026NX Group agrees C$1.8bn takeover of Canada's Metro Supply ChainNIPPON EXPRESS HOLDINGS, INC. (NX Group) → Metro Supply Chain Group Inc.Transport / Contract logisticsCompleted$1.3bn
- 18 Mar 2026KKR commits up to $310m to Indian e-bus platform AllfleetKKR (Global Climate Transition strategy) → Allfleet India (majority) and PMI Electro Mobility Solutions (minority)Transport / Electric bus fleetsAgreed$310m
- 5 Mar 2026GIP buys airport equipment lessor TCR from 3i InfrastructureGlobal Infrastructure Partners (BlackRock) → TCRTransport / Airport ground support equipment leasingCompleted$1.3bn
- 3 Mar 2026Thoma Bravo to buy WWEX and merge it with AuctaneThoma Bravo → WWEX GroupTransport / Logistics and shipping technologyCompletedUndisclosed
- 16 Feb 2026Macquarie-led consortium agrees A$11.7bn take-private of QubeMacquarie Asset Management-led consortium → Qube Holdings LimitedTransport / Ports and logisticsCompleted$8.3bn
- 16 Feb 2026Hapag-Lloyd agrees US$4.2bn takeover of Israel's ZIMHapag-Lloyd AG → ZIM Integrated Shipping Services Ltd.Transport / Container shippingIn review$4.2bn
- 13 Feb 2026John Laing agrees to buy American Roads from CVC DIFJohn Laing Group → American RoadsTransport / Toll roadsAgreedUndisclosed
- 9 Feb 2026Advent and FedEx lead €7.8bn take-private of InPostAdvent International, FedEx, A&R and PPF consortium → InPost S.A.Transport / Parcel lockers and logisticsCompleted$9.2bn
- 28 Jan 2026Stonepeak pays US$2.4bn for 25% of CMA CGM terminals ventureStonepeak → United Ports LLC (25% stake in CMA CGM terminal portfolio)Transport / Container port terminalsCompleted$2.4bn
- 23 Jan 2026Senko launches ¥16.7bn tender offer for MaruwnSenko Group Holdings → Maruwn CorporationTransport / LogisticsCompleted$106m
- 15 Jan 2026SF Holding and J&T agree HK$8.3bn cross-shareholdingS.F. Holding Co., Ltd. → J&T Global Express (10% stake)Transport / Express deliveryCompleted$1.1bn
- 13 Jan 2026JD Logistics takes Deppon private in RMB3.8bn buyout of minoritiesJD Logistics, Inc. → Deppon Logistics Co., Ltd (minority stake)Transport / Freight and logisticsCompleted$540m
- 5 Jan 2026Benteler buys Deutsche Bahn's ioki for autonomous mobility pushBENTELER Group → ioki GmbHTransport / On-demand mobility softwareAgreedUndisclosed