Having met the necessary conditions and requirements, and subject to regulatory clearances for the takeover, the two organisations will be merged in a country-by-country process, according to DSV. Logistics giant DSV Panalpina is buying Global Integrated Logistics (GIL), the freight forwarding and contract logistics division of Agility Logistics. The latest acquisition positions DSV as one of the top three transport and logistics providers globally. DSV said the acquisition would build on its presence in Asia Pacific and the Middle East, and that GIL’s warehousing capacity would be a strong addition to the DSV Solutions division, which manages contract logistics services for a range of industries including automotive. The DSV Solutions business operates 6m sq.m of logistics facilities and the GIL acquisition will add another 1.4m sq.m to that footprint.
Air and sea freight is also a major contributor to GIL’s $4.6 billion annual revenue, which fits well with the DSV Air & Sea division. DSV Road also stands to benefit from GIL’s freight activities in the Middle East and Europe, according to the company. With the acquisition of GIL, DSV will have more than 75,000 employees in 90+ countries. The latest acquisition builds on some major take overs DSV have made in recent years, including Panalpina in 2019 and UTi Worldwide in 2016.