ShippingWatch

DSV Panalpina acquires Global Integrated Logistics business from Agility

Logistics company DSV Panalpina now announces the acquisition of Agility's Global Integrated Logistics business in all-share transaction that values Agility at USD 4.2 billion. The acquisition makes DSV Panalpina the third-largest logistics and transport company in the world. Specified.

Photo: Bidstrup Stine/Ritzau Scanpix

Logistics company DSV Panalpina is at it again with another acquisition in the billion-dollar class, just a few years after its purchase of Swiss Panalpina.

This time, DSV Panalpina acquires company Agility's business Global Integrated Logistics (GIL) in an all-share transaction. With the trade, GIL is valued at USD 4.2 billion, writes DSV Panalpina in an announcement Tuesday morning.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs