The transaction is expected to be EPS accretive (diluted and adjusted) by 2021. The deal was initially announced in December 2020. The upgraded outlook for 2021 is based on the following assumptions for the remainder of 2021: DSV Panalpina has reported increased revenues and operating profits (ebit) in its interim half-year 2021 financial results. DSV Panalpina A/S completes DKK 30.2 billion acquisition ... DSV Resumes Freight-Forwarding Consolidation With Agility ... 924 Selected key figures and ratios for the period 1 January - 30 September 2021 (DKKm)Q3 2021Q3 2020YTD 2021YTD 2020 Key figures and ratios Revenue49,55728,125121,00484,216Gross profit9,8237,25225,94121,322Operating profit (EBIT) before special items4,4722,72511,1106,904Special items, costs1544531541,479Profit after tax3,1611,3378,0173,058 Adjusted earnings for the . Dsv, 881 - Dsv Panalpina to Acquire Agility'S Global Danish freight forwarder 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. The forwarding giant, which started the process of acquiring Agility Global Integrated Logistics (GIL) earlier this year, said its performance was "driven by 18% growth in gross profit and a high productivity across all divisions". (16.08.2021) - Completion of acquisition of Agility GIL; Attachments. Yours sincerely, DSV A/S. The global logistics mergers-and-acquisitions market may be set to kick . DSV's UTi acquisition boosts ... - Air Cargo World Long-term financial targets will be communicated during 2020. Global Integrated Logistics is part of Agility and one of the world's top freight forwarding and contract logistics providers (3PL). The financial outlook for 2021 is for DSV Panalpina stand-alone and excludes the impact from the acquisition of Agility's Global Integrated Logistics business. DSV Panalpina to Acquire Agility's Global Integrated ... Agility will become the second largest shareholder in DSV with an approximate 8 percent stake . This year's seismic airfreight boom delivered an unprecedented demand for cargo operators, creating a unique landscape hungry for mergers and acquisitions. This follows an October announcement from UTi in which it said it had entered into a definitive agreement to be acquired by DSV. Late last week, the acquisition of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV was made official, according to DSV officials.. As previously reported, DSV will buy Panalpina for $4.6 billion, with DSV becoming of the world's largest transportation and logistics services providers with a combined pro forma revenue of more . DSV Panalpina completes DKK 30.2 billion acquisition of ... dsv, 924 - interim financial report q3 2021 Company Announcement No. Investment bank Berenberg has taken a look at suitable takeover targets for fast growing forwarder DSV Panalpina. Company Announcement No. The acquisition will be an all-share transaction and closing is expected Q3 2021. DSV Panalpina A/S completes DKK 30.2 billion acquisition ... Agility and DSV have reached an agreement that DSV will acquire Agility's stand-alone GIL business in an all-share transaction. August 16, 2021. +45 43 20 30 74, maiken.r.andersen@dsv.com. The acquisition will be an all-share transaction and closing is expected Q3 2021. Multimodal logistics provider, Agility, will become the second largest shareholder in DSV with an approximate 8.0 per cent stake in the combined company. February 15, 2021, 12:31 AM PST. Media: Maiken Riise Andersen, tel. DSV Panalpina is expanding its presence in Africa with the acquisition of Globeflight Worldwide Express, a South Africa-based courier company . He specifies that "additions within road are likely to be on the radar next" especially when the road division's new transport management system is fully . 0. DUBLIN, December 01, 2021--(BUSINESS WIRE)--The "Global Freight Brokerage Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.. 904 Today, DSV Panalpina A/S ("DSV") expects to complete the previously announced agreement to acquire Agility's Global Integrated Logistics business ("GIL"), which is the global logistics division of Agility Public Warehousing Company K.S.C.P. DSV Panalpina lists large, global freight forwarders with high exposure to air and sea freight as its main acquisition targets, in an annual report released Wednesday. 881 of 27 . DSV Panalpina (DSV.CO) said on Tuesday it had agreed to acquire the logistics division of Kuwait's Agility Public Warehousing Co (AGLT.KW) in an all-share deal worth $4.1 billion, creating the . With talk seemingly never ending on the next acquisition by Xbox, I thought during a slower news week that we would sit down to talk about who (if anyone) in. A bit about DSV Panalpina. DSV's acquisition strategy has proven successful in both acquiring and integrating companies, most recently Swiss Panalpina in 2019 and American UTi Worldwide in 2016. It follows DSV's acquisition of Swiss logistics provider Panalpina Welttransport Holding in 2019, a deal with an enterprise value of about 5.4 billion Swiss francs (equivalent to $5.9 billion . For full-year 2022, DSV expects that the operating margin of the combined entity will be lifted towards the DSV . dsv, 924 - interim financial report q3 2021 Company Announcement No. DSV's Agility M&A builds scale, clout in fragmented forwarding market. Company Announcement No. 10 | DSV Panalpina -Q1 2021 results DSV Panalpina and GIL (2020 pro forma combined) Adding approx. +45 43 20 33 92, flemming.o.nielsen@dsv.com. Our goal is to create a safe and engaging place for users to connect . 8/16/2021. DSV Panalpina A/S: DSV, 863 - Notice of Annual General Meeting. DSV's acquisition strategy has proven successful in both acquiring and integrating companies, most recently Swiss Panalpina in 2019 and American UTi Worldwide in 2016. Text. , , logistics, investment, funding, startups, freight, transport 23% to DSV Panalpina's annual revenue ~142,000 DKKm ~10,350 DKKm (7.3% EBIT margin) ~74,000 FTEs DSV Panalpina GIL Revenue EBIT Employees 9,500 DKKm (8.2% EBIT margin) 850 DKKm (3.2% EBIT margin) 116,000 DKKm 26,000 DKKm 57,000 (FTEs) 17,000 . DSV Panalpina completes acquisition of Agility's GIL. DSV and Agility have reached an agreement that DSV will acquire GIL in an all-share . 7/29/2021. Two years after the acquisition of Panalpina, DSV Panalpina is once again announcing a large acquisition: Agility Global Integrated Logistics (GIL) for USD 4.2 Billion. Notice is hereby given that the Annual General Meeting of DSV Panalpina A/S will be held on: Monday . DSV completed the acquisition of Switzerland's Panalpina in August. DSV Panalpina is planning to once again hit the acquisition trail in 12-18 months time, with "larger rather than smaller" companies targeted, says its new chairman Thomas Plenborg. DSV Panalpina's plan for acquisitions follows a similar roadmap, with a focus on road transport. Currently DSV is the fifth largest third-party logistics (3PL) provider globally, and with the acquisition of Agility GIL (announced 27 April 2021, and expected to be completed in 3Q21) will be the third largest 3PL with estimated combined . The acquisition of Panalpina further strengthened these business areas, adding 3 million TEUs and 1.5 million tons of air freight to DSV's network. DENMARK : The expected completion of the acquisition of GIL marks an important milestone on the growth journey for DSV. Ocean freight bottlenecks have led DSV Panalpina to announce a one-off Asia-Europe sailing as the Danish forwarder announces the completion of the acquisition of South African company Globeflight. 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 . New market growth, geographic expansion, additional capacity, and cargo sectors like cool-chain and e-commerce logistics are fueling one of the hottest acquisition markets in industry history. DSV Panalpina acquires Globeflight Worldwide Express, a South African based courier company. Investor Relations: Flemming Ole Nielsen, tel. For full-year 2022, DSV expects that the operating margin of the combined entity will be lifted towards the DSV Group's current level. DSV acquisition of UTi looks like a go for 2016. DSV Panalpina saw its revenues and profits jump last year and is taking aim at another large acquisition following the integration of Panalpina. Agility will become the second-largest shareholder in DSV with an approximate 8% stake in the combined company. The acquisition will be an all-share transaction and closing is expected in the third quarter of 2021. ("Agility"). Feb. 4, 2016 5:24 pm ET. Read more at www.dsv.com 16 August 2021 COMPLETION OF THE ACQUISITION OF AGILITY'S GLOBAL INTEGRATED LOGISTICS BUSINESS Company Announcement No. Airfreight volumes for DSV soared 71 percent to 122,817 tonnes during the same period. Multimodal logistics provider, Agility, will become the second largest shareholder in DSV with an approximate 8.0 per cent stake in the combined company. May 7, 2021. Today, DSV Panalpina releases the interim financial report for the first six months of 2021. The acquisition will be an all-share transaction and closing is expected in the third quarter of 2021. More than a few moving parts remain intact, when it comes to the interaction between Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV, in regards to the latter's pursuit of the former as an acquisition target, now the DSV has upped its offer for Panalpina and a separate party, Agility, is in talks with Panalpina about 904 Today, DSV Panalpina A/S ("DSV") expects to complete the previously announced agreement to acquire Agility's Global The acquisition will be an all-share transaction and closing is expected in the third quarter of 2021. 924 Selected key figu r es and ratios for the period 1 January - 30 September 2021 (DKKm) Q3 2021 Q3 2020 YTD 2021 YTD 2020 Key figures and ratios Revenue 49,557 28,125 121,004 84,216 Gross profit 9,823 7,252 25,941 21,322 Operating profit (EBIT) before. 16/08/2021. 04-05-2021. DSV feeds its appetite for acquisitions with a deal valued at more than $4 billion. 904 . On 16 August 2021 DSV Panalpina A/S (DSV) has acquired Agility's Global Integrated Logistics (GIL) business. . The company completed the integration of Panalpina in 2020 after announcing the $4.6B acquisition in April 2019, making it, by some estimates, the fourth-largest freight . With the major integration of DSV and Panalpina still underway, DSV Panalpina intends to continue pursuing growth through large mergers and acquisitions, with additions to its Road business likely next on the company's radar. The combination of DSV Panalpina and Global Integrated Logistics will have an expected combined pro forma revenue of about DKK 160 billion ($25.4 billion, based on last 12 months) and a combined workforce of 75,000 employees in more than 90 countries. DSV Panalpina, meanwhile, has been growing rapidly through acqiusitions over recent years. All conditions and requirements for the acquisition of Agility's Global Integrated Logistics business (GIL) have been met, and DSV Panalpina A/S (DSV) is now formally taking over GIL from Kuwait-based Agility. DSV Panalpina finalises acquisition of Global Integrated Logistics. The deal will be funded through the issue of 19.3m new shares in DSV and it values Agility's logistics unit at a multiple of 23.3 times earnings before interest and tax in the past 12 months. The news comes following the company's most recent Board strategy session, hosted several weeks ago. This time, the offer was accepted, for US$1.35 billion, or $7.10 cash per each UTi share, representing a 50 percent premium relative . The report contains data in this area the latest trends in the proclaim. The deal is expected to close in Q3 2021 and comes just two years after DSV's last major acquisition, the Swiss forwarder Panalpina. DSV Panalpina AS plans to buy the logistics division of Agility . DSV's leadership said it was confident that the UTi acquisition would pay off, but third-quarter growth outperformed even their expectations. DSV Panalpina is a Danish transport and logistics company that has been operating since 1976. An update will be communicated in connection with the release of DSV's Q3 2021 interim financial report. Since DSV was founded in 1976, we have continuously acquired companies great and small, starting with small trucking companies and freight forwarders in the 1980's. Many of the employees in DSV today have joined through a merger or an acquisition . The cost synergies are expected to have full-year effect by 2022 and will primarily be derived from the consolidation of operations, logistics facilities, administration and IT infrastructure. Freight forwarder DSV said on Tuesday it expected the acquisition of Kuwait's Agility Public Warehousing to contribute an annual 3 billion Danish crowns ($469 million) to . The great performance was driven by 18% growth in gross profit and a high productivity across all . The acquisition will be an all-share transaction and closing is expected in the third quarter of 2021. 924 - Announcement (26.10.2021) - INTERIM FINANCIAL REPORT Q3 2021. With the acquisition of GIL, DSV is becoming a global top-three player within transport and logistics and the aim is to continue to grow the business from this strong position. 531. Much of the airfreight volume growth (66 […] The combined company will become an industry leader in global transport and logistics - now from a position as the world's third-largest freight forwarder. The acquisition is an all-share transaction. By Container News Team. The publisher has been monitoring the freight brokerage market and it is poised to grow by $41.60 billion during 2021-2025, progressing at a CAGR of over 4% during the forecast period. The results show strong growth in EBIT before special items of 64.7% during the first six months of 2021 compared to the same period in 2020. Print. This was followed by the acquisition of Samson Transport Co. A/S in 1997 and Svex Group AB in 1999. Last year, the Copenhagen-headquartered logistics firm saw its revenues increase by 22.4% year on year to Dkk115.9bn, earnings before interest and tax (ebit) before special items was up 43.1% to Dkk9 . Danish transport and logistics company DSV Panalpina has announced the US$4.2 billion acquisition of Agility Global Integrated Logistics (GIL). The sale of Long Beach Calif.-based non asset-based third-party logistics (3PL) services provider UTi Worldwide to Denmark-based global 3PL DSV for $1.35 billion and $7.10 per share is now official, UTi and DSV officials said today. For the second time in the last 12 months, Danish logistics group, DSV, has made a bid to to acquire U.S.-based UTi Worldwide. Earlier this year, Agility moved its Australasia regional headquarters to Melbourne's Airport Business Park. The transaction is expected to be EPS accretive (diluted and adjusted) by 2021. The acquisition will be an all-share transaction and closing is expected in the third quarter of 2021. Following on from this year's all-share deal for Agility's Global Integrated Logistics business it is now the world's third largest forwarder, overtaking DB Schenker. DSV's $4 billion bid for Panalpina Welttransport Holding would mark one of the highest-value logistics deals since 2015. The forwarder holds significant air and ocean freight volumes already. DSV is a result of many mergers and acquisitions. The focus on scalability remains one of the key competitive advantages in freight forwarding with significant operational and commercial benefits in a highly fragmented market. DSV Panalpina said its acquisition of Agility's Global Integrated Logistics unit will make it the third-largest freight forwarder, with estimated revenue of $22 billion. An overview of key song aspects is summarized, subsequent to inflection as regards the leading markets, the highest . "Once we're 12-18 months into the integration of Panalpina . In 2020, the company had USD 4 billion in revenue, […] As part of the acquisition, which is expected to close in around three months subject to regulatory approvals, DSV Panalpina will take over all of Globeflight's operations in South Africa and Swaziland. DSV expects to achieve annual cost synergies of around DKK 2,200 million. Late last week, the acquisition of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV was made official, according to DSV officials.. As previously reported, DSV will buy Panalpina for $4.6 billion, with DSV becoming of the world's largest transportation and logistics services providers with a combined pro forma revenue of more . It follows DSV's acquisition of Swiss logistics provider Panalpina Welttransport Holding in 2019, a deal with an enterprise value of about 5.4 billion Swiss francs (equivalent to $5.9 billion . If at first you don't succeed …. With the acquisition of GIL, DSV is becoming a global top-three player within transport and logistics and the aim is to continue to grow the business from this strong position. DSV Panalpina AS is advancing its freight-sector consolidation with a $4.2 billion deal, its third big acquisition in five years. With the acquisition of GIL, DSV is becoming a global top-three player within transport and logistics and the aim is to . DSV Panalpina completes the acquisition of South African-based Globeflight Worldwide Express after the relevant competition authorities have approved the details in the agreement. An interview with DSV Panalpina's new chairman posted on the Danish company's website says the company's management will "focus 100% on the integration of Panalpina" for 12 to 18 months before thinking about another acquisition. DSV on Monday raised its outlook for the year after having completed its $4.8 billion acquisition of Kuwait's Agility Public Warehousing Co, which will create the world's third-largest freight . 16-08-2021 Today's expected completion of the acquisition of GIL marks an important milestone on the growth journey for DSV. When Air Cargo World spoke with Andersen last year to get the details of the acquisition, some industry folks were still skeptical. With the acquisition of GIL, DSV will have more than 75,000 . European logistics operator DSV DSV -5.73% A/S, which completed the acquisition of UTi Worldwide Inc. last month, is beginning layoffs at the California-based . Please refer to Company announcement No. 463. 10 | DSV Panalpina -Q1 2021 results DSV Panalpina and GIL (2020 pro forma combined) Adding approx. Earlier this year, Agility moved its Australasia regional headquarters to Melbourne's Airport Business Park. Although the Copenhagen-headquartered company is still busy digesting its largest acquisition to date, Panalpina, it has already indicated its appetite for further acquisitions, in particular of companies with a strong road transport business. The financial outlook for 2021 is for DSV Panalpina stand-alone and excludes the impact from the acquisition of Agility's Global Integrated Logistics. 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