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Jan 16, 2019 (newstodate): The leading Danish logistics giant, DSV has once again demonstrated its ability to think big.
DSV has thus put forward an unsolicited, nonbinding proposal to acquire the Swiss company Panalpina at a price of CHF 170 per share, comprising a mix of cash and DSV shares.
-A combination of DSV and Panalpina would create a leading global transport and logistics company with significant growth opportunities and potential for value creation, DSV says in a statement today.
True enough: the combined business would generate expected revenues of more than DKK 110bn and EBITDA of more than DKK 7bn on a pro-forma 2018 basis, excluding any synergy benefits, making the DSV/Panalpina conglomerate a strong global contender.
The Panalpina Group operates a global network with some 500 offices employing some 14,000 people in around 70 countries, and it works with partner companies in another 100 countries.
DSV structured in three divisions, Road, Air&Sea and Solutions has offices in more than 80 countries employing 45,000 people and collaborating with partners and agents worldwide
DSV has thus put forward an unsolicited, nonbinding proposal to acquire the Swiss company Panalpina at a price of CHF 170 per share, comprising a mix of cash and DSV shares.
-A combination of DSV and Panalpina would create a leading global transport and logistics company with significant growth opportunities and potential for value creation, DSV says in a statement today.
True enough: the combined business would generate expected revenues of more than DKK 110bn and EBITDA of more than DKK 7bn on a pro-forma 2018 basis, excluding any synergy benefits, making the DSV/Panalpina conglomerate a strong global contender.
The Panalpina Group operates a global network with some 500 offices employing some 14,000 people in around 70 countries, and it works with partner companies in another 100 countries.
DSV structured in three divisions, Road, Air&Sea and Solutions has offices in more than 80 countries employing 45,000 people and collaborating with partners and agents worldwide