Latest news from Heavy Lift & Project Forwarding International Magazine

Panalpina agrees DSV takeover bid

DSV and Panalpina have reached an agreement to join forces in a deal worth approximately CHF4.6 billion (USD4.6 billion). 

Panalpina’s board of directors recommends that its shareholders accept the latest public exchange offer. The offer already has support from shareholders equivalent to 69.9 percent of the registered shares, including the Swiss freight forwarder’s largest shareholders Ernst Göhner Foundation and Cevian and Artisan.

DSV began its takeover bid in January 2019, as HLPFI reported here

An integration committee comprising an equal number of Panalpina and DSV representatives will be established to oversee the integration process. Following completion, DSV will propose to its shareholders, at an extraordinary general meeting, to change its name to DSV Panalpina A/S. 

Over the last three months, Panalpina also entered discussions with Kuwait-headquartered Agility regarding “potential strategic opportunities with regard to their respective logistics businesses”. Peter Ulber, chairman of the board of Panalpina, confirmed that “talks with Agility have been discontinued”.

“We are now looking forward to join forces with DSV and contribute to creating one of the world’s largest transport and logistics companies. Our customers will be able to benefit from a stronger network and service offering as well as new competencies and skills,” added Ulber. 

www.panalpina.com 

www.dsv.com

Heavy Lift | News

Jan De Nul secures Kriegers Flak work thumbnail image

Jan De Nul secures Kriegers Flak work

August 16 - Jan De Nul Group will transport and install 72 Siemens wind turbine generators – with a capacity of 8.4 MW each – for the Kriegers Flak offshore wind farm in Denmark.
Views: 374
The scrubber solution for GHG emissions thumbnail image

The scrubber solution for GHG emissions

August 16 - Advocates of exhaust gas cleaning systems (EGCS) are championing the use of the technology as a way to reduce global CO2 emissions, as well as complying with the looming IMO sulphur 2020 regulations.
Views: 304
Easter takes on Daseke interim CEO role thumbnail image

Easter takes on Daseke interim CEO role

August 16 - Chris Easter has been appointed interim ceo of North American specialised transport provider Daseke following the retirement of Don Daseke.
Views: 320
SAL Heavy Lift Day returns thumbnail image

SAL Heavy Lift Day returns

August 15 - The fourth SAL Heavy Lift Day will be held at the Steigenberger Hotel in Hamburg on September 18, 2019.
Views: 655

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.