Back to Blog
Freights Snap

DSV Panalpina’s HOTTEST Acquisition!

Patrick

August 18, 2021 • 1 minute read

Subscribe to access the latest trends and insights in the logistics industry.

This field is for validation purposes and should be left unchanged.
With DSV Panalpina’s latest acquisition, they surge to rank three among global forwarders. Agility’s Global Integrated Logistics business (GIL) has been formally welcomed into the folds of DSV’s massive forwarding network. This solidifies DSV’s position as one of the world’s foremost forwarders and follows a span of acquisitions by major players in the industry. 

The transaction is valued to be around 20.5 billion USD and the combination of DSV and GIL would add up to a yearly revenue of ~25.2 billion USD. With DSV’s acquisition, Kuwait-based Agility is looking to become DSV Panalpina’s largest shareholder. DSV’s acquisition is the perfect opportunity for the company to expand deeper into the Middle East and Asia-Pacific region. “By adding the GIL network and competencies to our existing network, we improve our competitiveness across all three divisions: Air & Sea, Road and Solutions. This brings commercial synergies and cross-selling opportunities while at the same time providing our customers with an even higher service level and a one-stop-shop for logistics needs,” says Jens Bjørn Andersen.
–Jean Bjørn Andersen, CEO of DSV Panalpina
Source

Get the latest from GoFreight!

This field is for validation purposes and should be left unchanged.

Keep Reading

News, stories and ideas from GoFreight.

December 7, 2021

November 26, 2021

November 19, 2021

Call Us +1(888)331-4686
Sign up for our newsletter!

Weekly inspirations that will help you discover new opportunities.

This field is for validation purposes and should be left unchanged.
Freight Forwarding
Quotation Invoicing Accounting Automated Workflow Payments PO Management
Container Tracking
Cargo Tracking Track and Trace Tracking Portal Container Tracking API
Shipment Type
Ocean Air
Country
USA Canada China
Roles
Owner / GM Sales Operation Accounting IT Manager
Resources
Blog What's New Glossary Sitemap SCAC Code Lookup Tool
Company
About GoFreight Pricing Referrals Contact Us