Danish logistics giant DSV offered Swiss logistics giant Panalpina an unrefusable offer of
Swis franc195 / share in a deal worth approx $4.6 bn in order to become world leading freight forwarding company .
DSV & Panalpina both were in negotiation for last 2 months with deal starting at
Swiss Franc 170/ share in January which seems to be finally closing at Swiss Franc 195 / share .
After acquiring Panalpina DSV will become 4th largest freight forwarding company in terms of revenue .
After deal completion both logistics giants will be strengthened globally with air tonnage touching to 1.5 m tonnes & sea freight close to 3 m containers (TEUs) yearly.
DSV is also planning to change its name to "DSV Panalpina" in order to reflect its presence & long rich history worldwide .
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Courier services are helpful in increasing the GDP of the country by employing people as well as bring more profit to the respective countries.
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