Showing posts with label teu. Show all posts
Showing posts with label teu. Show all posts

Saturday, April 6, 2019



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 .