DSV Panalpina A/S is a global transport and logistics company based in Copenhagen, Denmark. The group provides logistic solutions of road, rail as well as air and sea services. DSV Panalpina's air and sea division transports more than 280,000 tonnes of air freight p/a.
DSV A/S agreed to acquire Panalpina in a deal by way of a public exchange offer to all Panalpina shareholders. Following completion, DSV will propose to its shareholders to change its name to 'DSV Panalpina A/S'. DSV completed the acquisition of Panalpina on 19-Aug-2019.
In Apr-2021, DSV Panalpina announced plans to acquire Agility's Global Integrated Logistics (GIL) business. The acquisition is valued at USD4.2 billion and the integration of GIL will make DSV Panalpina the world's third largest transport and logistics company. The transaction is expected to close in 3Q2021, subject to meeting conditions and securing necessary approvals.
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