DSV acquires UTi Worldwide Inc.
22nd January 2016
The transaction makes DSV the fourth largest freight forwarder in the world by adding approximately 50% to DSVs existing revenue. In addition, the enhanced DSV has a more diversified geography and business mix as well as:
- +40,000 employees
- +80 countries
- +1,000 offices and logistics facilities
- 4.7 mill. warehousing m2
The transaction has significantly strengthened our global market position within our Air & Sea Division, making us the worlds sixth and seventh 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 and improved DSV will offer strong specialist skills in industry verticals such as automotive, healthcare/pharmaceuticals, energy etc.
“We are proud to welcome customers and employees of UTi to DSV. I have no doubt that the combination of the two companies 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. As we move forward, the commercial activities of DSV and UTi will continue under the DSV brand. Jens Bjørn Andersen, CEO of DSV