DSV Panalpina completes Prime Cargo takeover

By Damian Brett

DSV Panalpina has completed the acquisition of Prime Cargo’s activities in Denmark, Poland and China from Japan-based forwarder Mitsui-Soko Group.

Prime Cargo is headquartered in Kolding, Denmark, but operates internationally and also has freight, warehousing and logistics activities in both Poland and China. It specialises in e-commerce and fashion retail.

“DSV Panalpina and Prime Cargo share the same values and way of doing business, providing high quality personal service at competitive prices, and together we will be able to achieve more,” said Henrik Nielsen, executive vice president, DSV Air & Sea, Northern Europe.

DSV said that daily operations will continue as usual.

The deal was first announced in October.

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