United States

C.H. Robinson acquires Milgram & Co Ltd

Thursday, 31 Aug 2017 05:05pm EDT 

Aug 31 (Reuters) - C.H. Robinson Worldwide Inc :C.H. Robinson expands global network, acquires Milgram & Company Ltd..C.H. Robinson Worldwide Inc - ‍C.H. Robinson purchased Milgram & Company Ltd for approximately $62 million CAD​.C.H. Robinson Worldwide Inc - ‍acquisition is expected to be approximately neutral to earnings in 2017 and slightly accretive in 2018​.C.H. Robinson Worldwide Inc - ‍deal financed through cash and funds drawn from C.H. Robinson's existing revolving credit facility​.C.H. Robinson Worldwide Inc - will integrate Milgram into its global forwarding division and single global technology platform, Navisphere​.