Milan, Italy--(Newsfile Corp. - July 30, 2024) - Monkey Rock Group Inc. (OTC Pink: MKRO), a US corporation organized under Delaware law, is pleased to announce its subsidiary Global United Logistic , Italian corporation organized under Italian law, controlled from through Sviluppo Dati S.r.l., an Italian firm specializing in payroll processing and accounting for logistics, signed acquisition contract for two new Mergers: FGL GLOBAL LOGISTICA LTDA and C-FREIGHT AGENCIAMENTOS INTERNACIONAIS LTDA .
On July 22th, 2024, Global United Logistic signed an agreement to acquire a 100% stake in FGL GLOBAL LOGISTICA LTDA (www.fglglobal.com) and C-FREIGHT AGENCIAMENTOS INTERNACIONAIS LTDS (https://cfreightlogistics.com) together generating approximately € 56 million in revenue with EBITDA of 34.1% .
Monkey Rock's strategic goal is to enhance production processes by integrating digitalization across all operations, leveraging Sviluppo Dati's expertise. The company is also dedicated to ecological transition, aiming to transform traditional logistics and transportation into green, zero-emission solutions.
Our President Giuseppe Esposito stated "We are pleased for these strategic and important transactions for Monkey Rock. These two additional acquisitions demonstrate the commitment to a strategic plan of growth and Global Presence for the Monkey Rock Group and where MKRO has confirmed to be ready and demonstrates its willing to establish its independent identity."