DSV-Panalpina merger creates world’s second largest airfreight forwarder
DSV has announced that its acquisition of Panalpina will finally be completed in a deal worth $5.5bn.
The combined company will be recognised as DSV Panalpina and the merger will result in the creation of the second-largest airfreight provider in the world – DHL currently leads the pack.
Panalpina is a provider of supply chain solutions with 14,500 employees in 70 countries.
After the merger, the workforce will be 60,000 and the company will have a presence in 90 countries. Revenue is expected to be DKK118bn per year.
Source : linkedin