DSV Acquires UTi Worldwide Inc.
22 Enero 2016 - 6:12AM
COPENHAGEN,
Denmark, Jan. 22, 2016 (GLOBE NEWSWIRE) -- We
are delighted to announce that DSV's acquisition of UTi Worldwide
Inc. has now been completed with the approval of UTi shareholders
and competition authorities.
A photo accompanying this announcement is
available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/cd782a7e-f59a-46c7-9af0-1e3a782968c2
Jens Bjørn Andersen, CEO of DSV,
comments
"We are proud to welcome customers and employees
of UTi to DSV. I have no doubt that the combination of DSV and UTi
is a recipe for success; and with our united network, we will
create exciting opportunities for both customers and employees. We
will now start the integration process while taking care to
maintain a high service level towards all customers. The commercial
activities of DSV and UTi will continue under the DSV brand as we
move forward."
Creating one of the world's
strongest transport and logistics networks
The transaction makes DSV the fourth largest
freight forwarder in the world by adding approximately 50% to DSV's
existing revenue. In addition, the new DSV has a more diversified
geography and business mix as well as:
The transaction has significantly strengthened our
global market position within Air & Sea, making us the world's
6th and
7th largest
operator within ocean and air freight, respectively. It also adds a
global scale to our contract logistics division, Solutions, and
expands our road freight and distribution activities to cover
Europe, North America, Africa and Asia. Last but not least, the new
DSV will offer strong specialist skills in industry verticals such
as automotive, healthcare, consumer + retail, chemicals, energy
etc.
Due to the similarities in business, organisation
and culture as well as thorough preparations, we expect to be able
to integrate the two companies quickly and smoothly.
More information
at www.dsv.com/press and www.mynewsdesk.com/dsv-corporate-news.
DSV - Global Transport and
Logistics
With offices and facilities in more than 80
countries on six continents, we provide and run supply chain
solutions for thousands of companies on a daily basis. Our reach is
global yet our presence is local and close to our customers. Read
more at www.dsv.com
Please contact us for interviews and further information
International media:
Contact Media Relations Manager
Tina J. Hindsbo, +45 4320 3663,
or Director, IR and Corporate Communication,
Flemming Ole Nielsen, +45 4320 3392, or press@dsv.com.
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: UTi Worldwide via Globenewswire
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