All conditions and requirements for the acquisition of Agility ’s Global Integrated Logistics business ( GIL ) have been meet , and DSV Panalpina A / S ( DSV ) is now formally taking over GIL from Kuwait - based Agility . With the acquisition of GIL , DSV is becoming a global top - three participant within transportation and logistics and the aim is to continue to grow the job from this strong position .

Today ’s gestate mop up of the acquirement of GIL marks an important milepost on the ontogenesis journey for DSV . Within transfer and logistics , sizing is decisive and with the acquirement DSV fort its spot as one of the earth ’s large transport and logistics companies .

“ I am very proud of to welcome our new co-worker from GIL on this authoritative mean solar day . There are many similarity when you look at our two companies both in term of the business models and services and , not least , when we take care at our partake in focal point on local empowerment and putting customers first . DSV and GIL simply constitute an splendid match . We will now lead off the integration , and , together , we are going to grow the clientele and bring even more value to our many customers , partners and stockholder than we do individually , ” says Jens Bjørn Andersen , Group CEO , DSV .

The initiative value of the dealings is more or less DKK 30.2 billion and the fairness value some DKK 29.6 billion . The compounding of DSV and GIL will have an expected combined pro forma revenue of more or less DKK 160 billion ( based on last 12 month ) and a immix workforce of 75,000 employees in more than 90 countries .

As consideration for 100 pct . of GIL , Agility receive DSV shares represent approximately 8 pct . of all post - transaction undischarged shares of DSV . This will make Agility the secondly large DSV stockholder based on today ’s stockholder register . After completion of the transaction , DSV has consort to propose an Agility representative to DSV ’s Board of Directors .

Improved service offerings across all three divisionsGIL has an annual revenue of DKK 29 billion ( USD 4.6 billion ) with Air & Sea freight as the master contributor . This will be added to DSV ’s existing orbicular connection . Moreover , the inclusion of GIL is build on DSV ’s presence in both APAC and the Middle East . With 1.4 million square beat of warehousing capacity , GIL will be a secure gain to DSV Solutions , while the route lading activities in Europe and the Middle East will strengthen the DSV Road meshwork .

“ By adding the GIL connection and competencies to our exist connection , we improve our fight across all three divisions : Air & Sea , Road and Solutions . This take commercial-grade synergies and crabby - selling opportunities while at the same time allow our customer with an even higher service level and a one - diaphragm - shop class for logistics need , ” enounce Jens Bjørn Andersen .

grow the business togetherThe combined DSV and GIL concern is aim to expend the beef up spot in the market to continue to grow through enhance serving offering for customers , market - leading IT infrastructure and economy of weighing machine .

DSV ’s acquirement strategy has proven successful in both acquiring and integrating companies , most late Swiss Panalpina in 2019 and American UTi Worldwide in 2016 .

The stress on scalability stay one of the key free-enterprise advantages in freight forwarding with significant operational and commercial-grade benefit in a highly disconnected market .

Now the consolidation process of GIL can commence . The two establishment will be merged in a res publica - by - area process , which signify that for customers and employees in many countries the coming menstruation will be stage business as common until the country - specific merger process is initiated . As has been a key focussing in old acquisition , DSV will be go up this desegregation with due obedience for both organizational and individual considerations .

Despite the expected completion of the dealings today and in line with what has been agree , regulatory clearances are pending in a limited turn of legal power where revenues individually and combine are insignificant compared to the combined post - completion gross , and in each such jurisdiction culmination of the acquisition and commencement exercise of integrating natural action are awaiting the relevant regulative clearance .

For more data : Christian KrogslundPanalpina A / S.Tel : +45 28 44 22 35Email:[email   protected]www.dsv.com