Denmark’s DSV and Switzerland’s Panalpina announced today they had “agreed to join forces”, in a deal that values Panalpina at about Sfr4.7bn ($4.72bn), excluding debt considerations. It is effectively a takeover of the latter by the former, where significant cost savings will be targeted.
This is the largest deal in the transport and logistics industry since Japan Post acquired Toll Group four years ago for $5.1bn – and now Toll could …
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Source: The Loadstar