Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
COPENHAGEN, Denmark, Jan. 22, 2016 -- We are delighted to announce that DSV’s acquisition of UTi Worldwide Inc. has now been completed with the approval of UTi shareholders and competition authorities.
|
|||||||||
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/cd782a7e-f59a-46c7-9af0-1e3a782968c2
Jens Bjørn Andersen, CEO of DSV, comments
"We are proud to welcome customers and employees of UTi to DSV. I have no doubt that the combination of DSV and UTi is a recipe for success; and with our united network, we will create exciting opportunities for both customers and employees. We will now start the integration process while taking care to maintain a high service level towards all customers. The commercial activities of DSV and UTi will continue under the DSV brand as we move forward.”
Creating one of the world’s strongest transport and logistics networks
The transaction makes DSV the fourth largest freight forwarder in the world by adding approximately 50% to DSV’s existing revenue. In addition, the new DSV has a more diversified geography and business mix as well as:
- +40,000 employees
- +80 countries
- +1,000 offices and logistics facilities
- 4.7 mill. warehousing m2
The transaction has significantly strengthened our global market position within Air & Sea, making us the world’s 6th and 7th largest operator within ocean and air freight, respectively. It also adds a global scale to our contract logistics division, Solutions, and expands our road freight and distribution activities to cover Europe, North America, Africa and Asia. Last but not least, the new DSV will offer strong specialist skills in industry verticals such as automotive, healthcare, consumer + retail, chemicals, energy etc.
Due to the similarities in business, organisation and culture as well as thorough preparations, we expect to be able to integrate the two companies quickly and smoothly.
More information at www.dsv.com/press and www.mynewsdesk.com/dsv-corporate-news.
DSV – Global Transport and Logistics
With offices and facilities in more than 80 countries on six continents, we provide and run supply chain solutions for thousands of companies on a daily basis. Our reach is global yet our presence is local and close to our customers. Read more at www.dsv.com
Please contact us for interviews and further information International media: Contact Media Relations Manager Tina J. Hindsbo, +45 4320 3663, or Director, IR and Corporate Communication, Flemming Ole Nielsen, +45 4320 3392, or [email protected].
