DSV Panalpina has acquired South Africa-based courier Globeflight Worldwide Express.
The deal was initially announced in December 2020 and the relevant competition authorities have now approved the details.
The acquisition includes all Globeflight’s operations in South Africa and Swaziland. DSV Panalpina said the transaction reflects its confidence and commitment to South Africa.
“The acquisition of Globeflight constitutes a great match for DSV in South Africa while at the same time tapping into our global merger and acquisition strategy,” said Keith Pienaar, ceo at DSV Africa.