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Cheetah Net Supply Chain Service Inc. Completes Edward Acquisition

Feb 07, 2024•almost 2 years ago

Acquiring Company

Cheetah Net Supply Chain Service

Acquired Company

Edward Transit Express Group

CharlotteCaliforniaTransportation, Logistics, Supply Chain and StorageFreight and Package Transportation

Description

Cheetah Net Supply Chain Service Inc. has successfully completed the acquisition of Edward Transit Express Group Inc., a California-based global inbound non-vessel operating common carrier providing ocean and air transportation services. This strategic move aligns seamlessly with Cheetah's broader goals, strengthens its logistical capabilities, and enables it to provide end-to-end supply chain solutions.

Company Information

Company

Cheetah Net Supply Chain Service

Location

Charlotte, North Carolina, United States

About

Cheetah Net Supply Chain Service Inc. is a supplier of parallel-import vehicles sourced in the U.S. to be sold in the PRC market. The company purchases automobiles, primarily luxury brands, from the U.S. market and resells them to the company’s customers, including both U.S. and PRC parallel-import car dealers. Cheetah is also making its inaugural investment in the logistics sector with the acquisition of Edward Transit Express Group Inc.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed