DSV to buy UTi Worldwide for $1.35bn

09 / 10 / 2015

By Air Cargo News

DSV Group has signed an agreement to acquire US based UTi Worldwide, a global, supply chain services and logistics company with revenue of $3.9bn and 21,000 employees in 58 countries.
DSV will pay $7.10 in cash per ordinary share. The total transaction implies an enterprise value of approximately $1.35bn.
The combined company will be one of the world’s strongest transport and logistics networks.

Share this story

Related Topics

    Latest americas news

    Cooling market puts Ascent’s expansion into lower gear

    By Ian Putzger

    03 / 05 / 2024

    Mexico has been a hotspot of development for Ascent Global Logistics recently, but weaker market demand has seen the company…

    Read More

    Share this story

    US freight forwarders take note: new guidance clarifies export compliance responsibilities

    By Brandon Fried, executive director, Airforwarders Association

    03 / 05 / 2024

    The Bureau of Industry and Security (BIS) recently released a document outlining best practices and responsibilities for freight forwarders engaged…

    Read More

    Share this story

    LATAM Cargo adds new Europe-Brazil freighter service

    By Damian Brett

    01 / 05 / 2024

    LATAM Cargo is adding a new service between Europe and Brazil to target pharma, general cargo and automotive volumes. The…

    Read More

    Share this story

    Air Cargo News

    Air Cargo News
    Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.

    Popular Posts

    Sponsored content

    Latest Issues

    Air Cargo News Issue 905 -Spring 2024

    DATA HUB

    Freighters World

    Follow Us