DSV Panalpina completed the acquisition of Agility’s Global Integrated Logistics business for $4.2bn.

DSV Panalpina, which provides and manages supply chain solutions, completed the acquisition of the Global Integrated Logistics business of Agility Public Warehousing, a publicly-traded global logistics company, for $4.2bn. “Agility’s Global Integrated Logistics business and DSV are an excellent match, and we are proud that we can announce our agreement to unite. The combination of our two global networks will provide us with the opportunity to offer our customers an even higher service level. GIL’s global network, industry competencies and strong market position in APAC and the Middle East complement DSV’s network well and will support our long-term value creation ambitions. Our two groups of companies already share a culture of entrepreneurship and local ownership, and we look forward to welcoming GIL’s talented staff to DSV,” Jens Bjorn Andersen, DSV Group CEO.