DSV Panalpina A/S completes DKK 30.2 billion acquisition of Global Integrated Logistics from Agility

DSV Panalpina A/S completes DKK 30.2 billion acquisition of Global Integrated Logistics from Agility

All conditions and requirements for the acquisition of Agility’s Global Integrated Logistics business (GIL) have been met, 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 player within transport and logistics and the aim is to continue to grow the business from this strong position.



DSV Panalpina releases the interim financial report for half-year 2021

DSV Panalpina releases the interim financial report for half-year 2021

Today, DSV Panalpina releases the interim financial report for the first six months of 2021. The results show strong growth in EBIT before special items of 64,7% during the first six months of 2021 compared to the same period in 2020. The great performance was driven by 18% growth in gross profit and a high productivity across all divisions.

Jens Bjørn Andersen, Group CEO: “We are proud to report strong results for the first...


DSV offers single sailing to Europe as latest acquisition is announced

Freight forwarder DSV Panalpina has chartered a 1,800TEU vessel and containers for a single journey from Asia to Europe in an effort to help its customers beat the congestion bottlenecks on the trade.

Shortages of both capacity and equipment as a result of the ongoing pandemic and the fall out from the six-day blockage of the Suez Canal have seen rates on the trade rise sharply again after spiking earlier this year. The Freightos Baltic Index (FBX) stood at US$7,300/FEU on 12 April, by 6 May...


DSV Panalpina buys Agility’s logistics unit for $4.1B

DSV Panalpina now a top 3 forwarder by revenue

DSV Panalpina (DSV.C.DX) announced Tuesday it will acquire the logistics arm of Kuwait-based Agility Public Warehousing (AGLT.KW) for $4.1 billion (1.23 billion KWD). The deal will make it the third-largest freight forwarder globally.

Agility’s stand-alone Global Integrated Logistics (GIL) unit is expected to be acquired in an all-stock transaction during the third quarter. DSV plans to issue 19.3 million shares, approximately 8% of its outstanding stock, to fund the deal. The transaction places...


M&A radar: Base case – DSV Panalpina, the next target of DSV Panalpina

Certain private exchanges ahead of what is arguably a defining week for the staggering stock market tale of DSV Panalpina (DSV PAN) are priceless.
What’s at stake
Play up expectations again when the interims come out next Tuesday, without acting promptly (February 10: this should ring a bell), and shareholder value is at risk.
Try to convince the rest of the T&L world and investors that you know how to play the organic …

The post M&A radar: Base case – DSV Panalpina, the next target of DSV...


Market Insight: Who’s really behind the multi-billion dollar claim against DSV?

The lawsuit against DSV, in which the Danish forwarder is potentially on the hook along for several billions of dollars in damages, has taken an interesting twist.
(Our previous coverage is here, background; and here)
A quick recap
Last year, North American Sugar Industries filed a lawsuit claiming that DSV (now DSV Panalpina), along with BBC Chartering, had used a port it had owned in Cuba, but which was expropriated by the Cuban government …

The post Market Insight: Who’s really behind the...


M&A radar: Anybody up for Wagers in Flexport?

It almost passed unnoticed outside logistics and arguably didn’t come with a big bang publicly in our industry given Flexport’s own standards, but last week’s appointment of Kenneth Wagers as new CFO of the freight forwarder is intriguing, for several reasons.
While the deal-makers I reached out to remain stubbornly tight-lipped – feedback: swinging between “call later” and “don’t call”; possibly nothing is cooking yet – a blend of factual and mildly …

The post M&A radar: Anybody up for Wagers...


M&A radar: Who’s next?

That’s the most recurring question in our logistics circles, mainly spanning: targets for the logistics integrators (no concrete rumours so far); which freight forwarder is soon to be targeted (several unreliable suggestions, but some obvious names stand out); an apparent lack of combinations elsewhere in container shipping that brings only hypothetical scenarios to the fore (one is particularly explosive, but the fireworks are for another time).
So here’s a shortlist of some …

The post M&A...


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