DSV Panalpina buys Agility unit for $4 bln to become No. 3 freight forwarder
DSV Panalpina buys Agility unit for $4 bln to become No. 3 freight forwarder April 27, 2021 * DSV shares jump more than 8% to record high * DSV beats Q1 earnings expectations, raises full-year outlook (Adds CFO comment) By Jacob Gronholt-Pedersen COPENHAGEN, April 27 (Reuters) – DSV Panalpina said on Tuesday it had agreed to acquire the logistics division of Kuwait’s Agility Public Warehousing Co in an all-share deal worth $4.1 billion, creating the world’s third largest freight forwarding company. The deal is one of several in recent years as global logistics companies a...
Source: sharenet.co.za