News
Two years after the acquisition of Swiss-based Panalpina, the Danish transport and logistics company DSV is once again announcing a large acquisition, Agility Global Integrated Logistics (GIL). The value of the GIL acquisition is USD 4.2 billion (DKK 26 billion).
Global Integrated Logistics is part of Agility and one of the world's top freight forwarding and contract logistics providers (3PL). In 2020, the company had USD 4 billion in revenue, mainly related to air & sea freight and a workforce of approximately 17,000 employees.
Especially the Air & Sea-division, the largest division of DSV Panalpina, will be substantially strengthened with the acquisition of GIL and will consolidate the rank among the largest providers globally with close to 2.8 million containers (TEUs) and more than 1.6 million tons of air freight transported annually. The contract logistics capabilities, which are increasingly important due to complex supply chains and changing distribution channels, will strengthen DSV's Solutions division with GIL's additional warehousing capacity of more than 1.4 million square meters, mainly in
Asia Pacific and the Middle East. Furthermore, GIL will add road freight activities to DSV's network in both Europe and the Middle East and thereby increase DSV's competitiveness across all three divisions.
DSV Panalpina and GIL expect to close the transaction in Q3 2021 provided conditions are met and necessary approvals are obtained. Until then, they will continue to operate separately and independently.
