Car carrier group Wallenius Wilhelmsen (WWL) has signed a deal to buy 70% of US logistics company Syngin Technology for $22m.
Syngin provides automated solutions for disposing of used vehicles through an electronic marketplace currently operating in the US and Canada.
It streamlines the movement of vehicles handled by fleet leasing companies and remarketers to auction houses.
"The future of logistics lies in combining digital services, physical assets and a deep understanding of logistics flows," said WWL CEO Craig Jasienski.
