|Deal value:||EUR 750 million|
|Industry:||Logistics and commercial services|
DSV is a global supplier of transport and logistics services with offices in more than 60 countries. With an international network of partners and agents, DSV offers premier transport and logistics solutions worldwide. DSV is listed on Nasdaq OMX.
The acquired company, ABX Logistics, is a global freight forwarding company with operations in 35 countries and an annual turnover of approximately DKK 13.4 billion.
The acquisition will strengthen DSV's market position within the companies' three segments: Road, Air & Sea and Solutions. The two companies had a total combined pro-forma annual turnover of DKK 48 billion in 2007 and employed approximately 25,000 people. ABX has an asset light business model similar to DSV and the DSV expects to generate a significant value creation by realising operational synergies from combining the two entities.
The acquisition is DSV's single largest acquisition ever.