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DSV completes UTI Worldwide acquisition

On Friday, logistics group DSV completed its acquisition of US-based competitor UTI Worldwide for USD 1.35 billion, thus creating one of the world's largest transport and logistics networks, informs the Danish company in a corporate statement.

Photo: Gorm Olesen/POLFOTO

DSV crossed the finish line on Friday and has now closed its acquisition of US-based logistics competitor UTI Worldwide for around USD 1.35 billion, says the Danish transport and logistics group in a statement.

"We are proud to welcome customers and employees of UTi to DSV. I have no doubt that the combination of the two companies is a recipe for success; and with our united network, we will create exciting opportunities for both customers and employees. We will now commence the integration process while taking care to maintain a high service level towards all customers. As we move forward, the commercial activities of DSV and UTI will continue under the DSV brand," notes CEO Jens Bjørn Andersen in the statement.

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