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Schneider National Acquires Cowan Systems

Multimodal transportation giant Schneider National Inc. in November entered into a definitive agreement to acquire Cowan Systems LLC and affiliated entities for a cash purchase price of about US$390 million, subject to certain adjustments.The sale includes separate agreements to purchase certain real estate assets relating to Cowan Systems’ business for about US$31 million in cash.Baltimore-based Cowan Systems is primarily a dedicated contract carrier with a portfolio of complementary services including ... [+]

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