Brief: Hub Group Expands Its Fulfillment Solutions Offering Through Acquisition Of Tagg Logistics

Hub

22/08/2022 13:38

Aug 22 (Reuters) - Hub Group Inc  HUBG.O :
    * HUB GROUP EXPANDS ITS FULFILLMENT SOLUTIONS OFFERING
THROUGH THE
ACQUISITION OF TAGG LOGISTICS
    * HUB GROUP INC - CASH CONSIDERATION FOR TRANSACTION OF $103
MILLION WAS FUNDED WITH CASH ON HAND
    * HUB GROUP INC - HUB GROUP GRANTED CONTINGENT COMPENSATION
TO
TAGG SENIOR MANAGEMENT TEAM
    * HUB GROUP INC - TAGG EXPECTS TO GENERATE APPROXIMATELY
$200
MILLION OF ANNUAL REVENUE IN 2022

Source text for Eikon:  ID:nGNX5wJNvB 
Further company coverage:  HUBG.O 

 ((Reuters.Briefs@thomsonreuters.com;))