June 24 - Denmark headquartered freight forwarder DSV has acquired its Columbian agent, Airmar Cargo S.A. in a move to further strengthen its foothold in South America.
Airmar Cargo offers sea freight forwarding services from Columbia to Central America and the Caribbean. It was founded in 1997 in Bogota and has since expanded into Medellin, Cali and Cartagena.
Airmar Cargo has been DSV's exclusive Columbia agent since 2009; achieving a gross turnover of USD8 million in 2012.
The transaction is subject to approval from Columbian competition authorities, although it is expected to be passed during September 2013.
DSV has made a number of moves to improve its coverage in the Latin American market following the incorporation of its fully owned subsidiary in Brazil in early 2012; it also completed the acquisition of its joint venture partners in Chile, Peru and Argentina during November 2012.