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27 April 2021

DSV Panalpina acquires Global Integrated Logistics Business

DSV Panalpina has today signed an agreement to acquire Agility’s Global Integrated Logistics Business GIL, which in 2020 had USD 4 billion in revenue, mainly related to Air & Ocean freight, and approx. 17,000 employees providing services across 100 countries.

The acquisition will be an all-share transaction and closing is pending customary conditions precedent. The all-share transaction has an implied equity value of Agility’s Global Integrated Logistics Business GIL of approx. USD 4.1 billion. The combination of DSV Panalpina and Agility’s Global Integrated Logistics Business GIL will fortify DSV Panalpina’s position as a leading global transport and logistics company with a combined pro forma revenue of approximately DKK 142 billion and a combined workforce of more than 70,000 employees.

Moalem Weitemeyer advises DSV Panalpina alongside Skadden Arps Slate Meagher & Flom and Al Tamimi & Company.