Last year, the Copenhagen-headquartered logistics firm saw its revenues increase by 22.4% year on year to Dkk115.9bn, earnings before interest and tax (ebit) before special items was up 43.1% to Dkk9 . The acquisition will be an all-share transaction and closing is expected in the third quarter of 2021. 04-05-2021. The acquisition will be an all-share transaction and closing is expected Q3 2021. The focus on scalability remains one of the key competitive advantages in freight forwarding, with significant operational and commercial benefits in a highly fragmented market. The publisher has been monitoring the freight brokerage market and it is poised to grow by $41.60 billion during 2021-2025, progressing at a CAGR of over 4% during the forecast period. DSV Panalpina saw its revenues and profits jump last year and is taking aim at another large acquisition following the integration of Panalpina. For full-year 2022, DSV expects that the operating margin of the combined entity will be lifted towards the DSV Group's current level. DSV Panalpina's plan for acquisitions follows a similar roadmap, with a focus on road transport. 463. 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. Global Integrated Logistics is part of Agility and one of the world's top freight forwarding and contract logistics providers (3PL). Freight forwarder DSV said on Tuesday it expected the acquisition of Kuwait's Agility Public Warehousing to contribute an annual 3 billion Danish crowns ($469 million) to . The transaction is expected to be EPS accretive (diluted and adjusted) by 2021. Agility, a leader in supply chain services, innovation and investment, today reported third quarter 2021 earnings of 440.34 fils per share on net profit of KD 926.9 million, an increase of 5,952.4% over the same period in 2020. DSV on Monday raised its outlook for the year after having completed its $4.8 billion acquisition of Kuwait's Agility Public Warehousing Co, which will create the world's third-largest freight . DSV Panalpina (DSV.CO) said on Tuesday it had agreed to acquire the logistics division of Kuwait's Agility Public Warehousing Co (AGLT.KW) in an all-share deal worth $4.1 billion, creating the . Agility and DSV have reached an agreement that DSV will acquire Agility's stand-alone GIL business in an all-share transaction. DSV Panalpina finalises acquisition of Global Integrated Logistics. Following on from this year's all-share deal for Agility's Global Integrated Logistics business it is now the world's third largest forwarder, overtaking DB Schenker. An interview with DSV Panalpina's new chairman posted on the Danish company's website says the company's management will "focus 100% on the integration of Panalpina" for 12 to 18 months before thinking about another acquisition. 10 | DSV Panalpina -Q1 2021 results DSV Panalpina and GIL (2020 pro forma combined) Adding approx. 924 Selected key figu r es and ratios for the period 1 January - 30 September 2021 (DKKm) Q3 2021 Q3 2020 YTD 2021 YTD 2020 Key figures and ratios Revenue 49,557 28,125 121,004 84,216 Gross profit 9,823 7,252 25,941 21,322 Operating profit (EBIT) before. , , logistics, investment, funding, startups, freight, transport Oct 26, 2021 1:52AM EDT. 904 Today, DSV Panalpina A/S ("DSV") expects to complete the previously announced agreement to acquire Agility's Global Integrated Logistics business ("GIL"), which is the global logistics division of Agility Public Warehousing Company K.S.C.P. February 15, 2021, 12:31 AM PST. With the acquisition of GIL, DSV will have more than 75,000 . Investor Relations: Flemming Ole Nielsen, tel. This time, the offer was accepted, for US$1.35 billion, or $7.10 cash per each UTi share, representing a 50 percent premium relative . Agility will become the second-largest shareholder in DSV with an approximate 8% stake in the combined company. DSV Panalpina is rated A- (Stable) by Standard & Poor's and A3 (Stable) by Moodys, as of February 2021. Media: Maiken Riise Andersen, tel. An update will be communicated in connection with the release of DSV's Q3 2021 interim financial report. April 27 , 2021. A bit about DSV Panalpina. +45 43 20 30 74, maiken.r.andersen@dsv.com. Yours sincerely, DSV A/S. The acquisition will be an all-share transaction and closing is expected in the third quarter of 2021. +45 43 20 33 92, flemming.o.nielsen@dsv.com. The combination of DSV Panalpina and Global Integrated Logistics will have an expected combined pro forma revenue of about DKK 160 billion ($25.4 billion, based on last 12 months) and a combined workforce of 75,000 employees in more than 90 countries. More than a few moving parts remain intact, when it comes to the interaction between Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV, in regards to the latter's pursuit of the former as an acquisition target, now the DSV has upped its offer for Panalpina and a separate party, Agility, is in talks with Panalpina about 924 Selected key figu r es and ratios for the period 1 January - 30 September 2021 (DKKm) Q3 2021 Q3 2020 YTD 2021 YTD 2020 Key figures and ratios Revenue 49,557 28,125 121,004 84,216 Gross profit 9,823 7,252 25,941 21,322 Operating profit (EBIT) before. The forwarding giant, which started the process of acquiring Agility Global Integrated Logistics (GIL) earlier this year, said its performance was "driven by 18% growth in gross profit and a high productivity across all divisions". DSV Panalpina AS is advancing its freight-sector consolidation with a $4.2 billion deal, its third big acquisition in five years. "Once we're 12-18 months into the integration of Panalpina . DSV and Agility have reached an agreement that DSV will acquire GIL in an all-share . The deal is expected to close in Q3 2021 and comes just two years after DSV's last major acquisition, the Swiss forwarder Panalpina. 16/08/2021. DSV Panalpina, meanwhile, has been growing rapidly through acqiusitions over recent years. Multimodal logistics provider, Agility, will become the second largest shareholder in DSV with an approximate 8.0 per cent stake in the combined company. New market growth, geographic expansion, additional capacity, and cargo sectors like cool-chain and e-commerce logistics are fueling one of the hottest acquisition markets in industry history. 881 of 27 . DSV Panalpina is expanding its presence in Africa with the acquisition of Globeflight Worldwide Express, a South Africa-based courier company . Danish freight forwarder DSV Panalpina said on Tuesday it had agreed to acquire the logistics division of Kuwait's Agility Public Warehousing Co in an all-share deal worth $4.1 billion. This follows an October announcement from UTi in which it said it had entered into a definitive agreement to be acquired by DSV. 7/29/2021. 16-08-2021 Today's expected completion of the acquisition of GIL marks an important milestone on the growth journey for DSV. 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. DSV's acquisition strategy has proven successful in both acquiring and integrating companies, most recently Swiss Panalpina in 2019 and American UTi Worldwide in 2016. The sale of Long Beach Calif.-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. Company Announcement No. By Container News Team. DSV Panalpina is a Danish transport and logistics company that has been operating since 1976. DSV Panalpina is planning to once again hit the acquisition trail in 12-18 months time, with "larger rather than smaller" companies targeted, says its new chairman Thomas Plenborg. The deal was initially announced in December 2020. 0. DSV's leadership said it was confident that the UTi acquisition would pay off, but third-quarter growth outperformed even their expectations. 8/16/2021. Company Announcement No. 531. DSV Panalpina completes acquisition of Agility's GIL. Agility will become the second largest shareholder in DSV with an approximate 8 percent stake . Two years after the acquisition of Panalpina, DSV Panalpina is once again announcing a large acquisition: Agility Global Integrated Logistics (GIL) for USD 4.2 Billion. Currently DSV is the fifth largest third-party logistics (3PL) provider globally, and with the acquisition of Agility GIL (announced 27 April 2021, and expected to be completed in 3Q21) will be the third largest 3PL with estimated combined . DSV completed the acquisition of Switzerland's Panalpina in August. The forwarder holds significant air and ocean freight volumes already. Although DSV's acquisition of UTi has yet to pay significant dividends, as net profit dropped 45.4 percent year-over-year, to US$49 million for the first quarter of 2016, the company's airfreight operations reported significant growth. 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. Much of the airfreight volume growth (66 […] DSV expects to achieve annual cost synergies of around DKK 2,200 million. DSV Panalpina A/S: DSV, 863 - Notice of Annual General Meeting. Since DSV was founded in 1976, we have continuously acquired companies great and small, starting with small trucking companies and freight forwarders in the 1980's. Many of the employees in DSV today have joined through a merger or an acquisition . DSV's acquisition strategy has proven successful in both acquiring and integrating companies, most recently Swiss Panalpina in 2019 and American UTi Worldwide in 2016. Attachment. Although the Copenhagen-headquartered company is still busy digesting its largest acquisition to date, Panalpina, it has already indicated its appetite for further acquisitions, in particular of companies with a strong road transport business. Agility will become the second largest shareholder in DSV with an approximate 8% stake in the combined company. Danish transport and logistics company DSV Panalpina has announced the US$4.2 billion acquisition of Agility Global Integrated Logistics (GIL). Multimodal logistics provider, Agility, will become the second largest shareholder in DSV with an approximate 8.0 per cent stake in the combined company. DSV's $4 billion bid for Panalpina Welttransport Holding would mark one of the highest-value logistics deals since 2015. 23% to DSV Panalpina's annual revenue ~142,000 DKKm ~10,350 DKKm (7.3% EBIT margin) ~74,000 FTEs DSV Panalpina GIL Revenue EBIT Employees 9,500 DKKm (8.2% EBIT margin) 850 DKKm (3.2% EBIT margin) 116,000 DKKm 26,000 DKKm 57,000 (FTEs) 17,000 . DSV acquisition of UTi looks like a go for 2016. DSV Panalpina completes the acquisition of South African-based Globeflight Worldwide Express after the relevant competition authorities have approved the details in the agreement. 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. Agility and DSV have reached an agreement that DSV will acquire Agility's stand-alone GIL business in an all-share transaction. The acquisition of Panalpina further strengthened these business areas, adding 3 million TEUs and 1.5 million tons of air freight to DSV's network. The great performance was driven by 18% growth in gross profit and a high productivity across all . DSV Panalpina has reported increased revenues and operating profits (ebit) in its interim half-year 2021 financial results. The acquisition will be an all-share transaction and closing is expected in the third quarter of 2021. Ocean freight bottlenecks have led DSV Panalpina to announce a one-off Asia-Europe sailing as the Danish forwarder announces the completion of the acquisition of South African company Globeflight. The cost synergies are expected to have full-year effect by 2022 and will primarily be derived from the consolidation of operations, logistics facilities, administration and IT infrastructure. This was followed by the acquisition of Samson Transport Co. A/S in 1997 and Svex Group AB in 1999. 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