Is DSV part of UTi?
The DSV Group (“DSV”) today signed an agreement to acquire US based UTi Worldwide Inc. (”UTi”). UTi is a global, supply chain services and logistics company with revenue of USD 3.9 billion and 21,000 employees in 58 countries. The Boards of Directors of DSV and UTi have unanimously approved the transaction.
How much did DSV pay for UTi?
Logistics Resource -based non asset-based third-party logistics (3PL) services provider UTi Worldwide to Denmark-based global 3PL DSV for $1.35 billion and $7.10 per share is now official, UTi and DSV officials said today.
When did DSV acquire UTi?
COPENHAGEN, Denmark, Jan. 22, 2016 (GLOBE NEWSWIRE) — We are delighted to announce that DSV’s acquisition of UTi Worldwide Inc. has now been completed with the approval of UTi shareholders and competition authorities.
What does DSV deal with?
Its main activities lie within road transport (trucking) networks in Europe, North America and South Africa, and its global air and sea freight forwarding business. The group also has a growing contract logistics business.
What companies does DSV own?
DSV Panalpina A/S is the parent company, and our organization is divided into three divisions: DSV Air & Sea, DSV Road and DSV Solutions.
When did DSV buy Panalpina?
On 1 April 2019, an acquisition agreement with Swiss Panalpina was announced valued at CHF 4.6 billion (€ 4.1 billion). On 19 August 2019, DSV announced that the acquisition of Panalpina was completed.
Did DSV buy 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.
Who owns Panalpina?
DSV
Panalpina/Parent organizations
19 / 08 / 2019 DSV has announced that its acquisition of Panalpina will finally be completed today in a deal worth $5.5bn.
Who is DSV group and what is UTI?
The DSV Group (“DSV”) today signed an agreement to acquire US based UTi Worldwide Inc. (”UTi”). UTi is a global, supply chain services and logistics company with revenue of USD 3.9 billion and 21,000 employees in 58 countries. The combined company will be one of the world’s strongest transport and logistics networks. 09-10-2015
How much is DSV going to pay for UTI?
UTi is a global, supply chain services and logistics company with revenue of USD 3.9 billion and 21,000 employees in 58 countries. The combined company will be one of the world’s strongest transport and logistics networks. DSV today entered an agreement to acquire UTi at the price of USD 7.10 in cash per ordinary share.
Where does DSV and UTI have similar geographical footprint?
The combined companies will have a more balanced geographical footprint with approximately 61% of revenue in Europe, Middle East and North Africa, 17% in Americas, 16% in Asia (APAC) and 6% in Sub-Saharan Africa. DSV and UTi are a strong match with many potential synergies as a result of similarities in business models and services:
How big is the DSV group of companies?
The DSV Group (“DSV”) today signed an agreement to acquire US based UTi Worldwide Inc. (”UTi”). UTi is a global, supply chain services and logistics company with revenue of USD 3.9 billion and 21,000 employees in 58 countries. The combined company will be one of the world’s strongest transport and logistics networks.