Recent Miami Transactions Affecting Global Trade and Investment

October Transactions

By GlobalMiami Magazine

NEW SERVICE AT PORT EVERGLADES

Ocean Network Express Pte. Ltd. (ONE) has launched its new FLX service at Fort Lauderdale’s Port Everglades. The FLX service will bring refrigerated fruits, vegetables, and seafood from South America to South Florida by connecting the port to Peru and Ecuador.

MIAMI FIRM EXPANDS GLOBAL REACH

Viamericas Corporation, an international remittance company based in Miami, expanded its partnership with African-based Kori Global Services to provide money transfer services for all the African countries that Kori serves.

GLOBAL BANK’S SPANISH TECH

Wells Fargo announced the addition of a new Spanish digital banking program in Miami to serve its Hispanic clients. The new technology implements a virtual assistant program with Spanish-speaking capabilities. Launched in Miami, the service will be available worldwide on the Wells Fargo mobile app.

SPANISH FIRM EXPANDS HR

Spanish HR software firm Factorial, which opened its North American headquarters in Miami earlier this year, has acquired expense management startup Fuell. The deal makes Factorial Europe’s largest HR platform.

FIFA ADDS NEW JOBS

Soccer’s governing body will relocate more than 100 jobs to Miami, including its legal and risk departments, in an effort to decentralize the organization from its Zurich HQ. FIFA had already opened offices in Miami to help with the organization of the 2026 World Cup to be held in North America.

RELOCATION + NEW ROUTES

Low-cost carrier Norse Atlantic Airways has moved its South Florida base to Miami International Airport from Fort Lauderdale-Hollywood International Airport. The carrier provides direct flights from MIA to London and Oslo, with plans for flights to Berlin and Paris in December.

“HAZTE LOCAL EN MIAMI”

AmCham Chile and Endeavor Miami have launched a new program to provide specialized training and support to over 30 Chilean startups and scale-ups ready to enter the U.S. market.

AUTONATION OFFERS MILLIONS FOR UK COMPANY

Ft. Lauderdale-based automotive retailer AutoNation has offered $534 million to acquire British automotive retailer Pendragon. The UK company is considering the proposal among two other offers. In its Q2 financial filing, AutoNation reported $6.9 billion in revenue.

GLOBAL LEADER AT FIU 

Venezuelan opposition leader Juan Guaidó will now be teaching at Florida International University as a visiting professor. Guaidó was recognized as the legitimate president of Venezuela by the U.S. until earlier this year. 

MIAMI AT NO. 24 ON GLOBAL FINANCIAL INDEX 

Miami now ranks No. 24 on the Global Financial Center Index, marking the first time Miami has ever been ranked on the index. GFCI provides evaluations of future competitiveness and rankings for 121 financial centers around the world. 

IRISH CONSULATE OPENS 

Prime Minister Leo Varadkar opened the new Irish Consulate in Miami last month. The eighth consulate in Ireland’s U.S. network, the city was chosen due to Florida’s large Irish community and economic importance to Ireland. Sarah Kavanagh will serve as Consul General. 

CANADIAN INSURTECH PARTNERS WITH NSU 

Canada’s BOXX insurance company has teamed up with Nova Southeastern University and the Alan B. Levan/NSU Broward Center of Innovation to provide cyber protection education and insurance services to Levan Center clients, the community, and NSU faculty/staff. 

BRIGHTLINE EXPANDS SERVICE 

Brightline launched its service between Orlando International Airport and South Florida. Privately held by the global investment firm Fortress Investments Group, the route runs along the Mexican-owned Florida East Coast Railway track. 

NEW MIAMI-TORONTO ROUTE 

Canadian low-cost carrier Porter Airlines will start flying daily from Miami International Airport to Toronto Pearson International Airport beginning Dec 12. This is the airline’s first service at MIA. 

AWARD BOOSTS FIU BUSINESS SCHOOL 

Global fintech firm PayCargo, which provides payment solutions for shippers and freight forwarders, has given FIU Business School $1.25 million to support a supply chain and logistics program. The funds will help build the program’s facility and faculty. 

LAW FIRM EXPANDS 

British-based Osborne Clarke opened its third U.S. office in Miami and 26th international location. The firm recruited Samaniego Law’s managing partner Javier Fernández-Samaniego to support their U.S. presence. 

LEADERSHIP CHANGE + FUNDS RAISED 

South Florida-based Virgin Voyages announced the retirement
of CEO Tom McAlpin who will transition to chairman of the board of directors. President and former Chief Experience Officer Nirmal Saverimuttu will be stepping up as CEO. The cruise line also secured a $550 million investment that will push the brand’s expansion into international markets. 

DIRECT FLIGHTS TO GERMANY 

Starting in Summer 2024, Miami International Airport will have a direct flight to Frankfurt International Airport with German low-cost carrier Candor Airlines, tri-weekly using the Airbus A330-900neo. 

NEW CARGO CONNECTION 

DHL Express has launched its first flight between Argentina and Miami. The flight operates six times per week, with a stop in Chile, using the Boeing B767-300 aircraft to provide a gross payload capacity of 52 tons per flight. 

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