DSV Panalpina A/S completes DKK 30 2 billion acquisition of Global Integrated Logistics from Agility
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DSV Panalpina acquires Agility s Global Integrated Logistics business
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DSV Panalpina acquires Agility’s Global Integrated Logistics business
April 27 , 2021
Danish transport and logistics company DSV Panalpina has announced the US$4.2 billion acquisition of Agility Global Integrated Logistics (GIL).
M&A is a part of DSV Panalpina’s long-term strategy and the company says it has demonstrated its ability many times in both acquiring and successfully integrating companies with similar business models as DSV Panalpina.
Global Integrated Logistics is part of Agility and one of the world’s top freight forwarding and contract logistics providers. In 2020, the company had US$4 billion in revenue, mainly related to air & sea freight and a workforce of approximately 17,000 employees.