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 makes voluntary offer of social plan to Basel head office employees
DSV Panalpina has decided to offer a voluntary and unilateral social plan to all Panalpina head office employees in Basel affected by the announced redundancies to take place in Q4-2019 and H1-2020.
DSV announces plans for Panalpina headquarters and continued presence in Basel, as integration progresses
The DSV Panalpina Group has informed employees at the former Panalpina headquarters in Basel about its plans for the location. As part of the integration, overlapping corporate functions and positions will either be cut or relocated to the headquarters in Denmark, which could result in up to 165 job losses. At the same time, the company intends to expand its logistical footprint in the Basel area.
DSV’s vision and strategic direction has stood the test of time
Focus is on successful integration of the Panalpina business and people
Panalpina newsroom has been integrated in DSV
From moving cargo to moving content – with DSV and Panalpina joining forces, all media releases, news stories and blog posts of the two companies have been merged into one newsroom.
Extraordinary general meeting marked the ending of an era and a new beginning
All points on the agenda of the extraordinary general meeting were approved. The company now has a new Group name, a new member of the board, and a new and a new Chairman, as now former Chairman Kurt Larsen stepped down.
Exemption from conditions for maintaining listing and approval of delisting of Panalpina shares
On September 18, 2019, SIX Exchange Regulation granted Panalpina several temporary exemptions from the obligations for maintaining the listing and approved the request of Panalpina to delist the Panalpina Shares. The last trading day and the date of the delisting will be determined after the final judgement in the cancellation proceedings according to the Swiss Financial Infrastructure Act.
DSV completes acquisition of Panalpina
All conditions and requirements of the transaction have now been met
Growing at a continuous and phenomenal rate
Since 1989, we have grown our annual revenue by almost 10,000%
A history of mergers and acquisitions
DSV is a result of many mergers and acquisitions. 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.
Newport Cargo now legally merged with Panalpina
Effective today, Newport Cargo has legally merged with Panalpina. The acquisition was completed in August 2018 and it has added tremendous value to Panalpina’s Perishables Network in expertise, customer base and business development.
Panalpina expands network in Colombia and Ecuador to become largest perishables player in Latin America
Panalpina continues to expand its Perishables Network in South America through the acquisition of CargoMaster S.A. in Colombia, and its subsidiary, Laseair S.A., in Ecuador. CargoMaster is one of Latin America’s largest companies specialized in the air freight export of perishables, mostly of flowers to the US.