Latest news from Heavy Lift & Project Forwarding International Magazine

UTi-DSV merger edges closer

January 15 - UTi Worldwide's shareholders have overwhelmingly voted to adopt the previously announced merger agreement for the acquisition of the company by Danish transport and logistics outfit DSV.

DSV signed an agreement in October 2015 to acquire the US based logistics company for around USD1.35 billion. Both companies' boards of directors have unanimously approved the transaction.

DSV says that it expects to close the deal in the first quarter of this year.

Closing of the transaction is subject to relevant regulatory approval being obtained from competition authorities in South Africa, as well as satisfaction of other customary closing conditions. Closing will take place on the second business day after all approvals are obtained, said DSV.

www.go2uti.com

www.dsv.com

Heavy Lift | News

Changing offshore landscape drives down Boskalis results thumbnail image

Changing offshore landscape drives down Boskalis results

August 22 - In announcing its half-year results, Royal Boskalis Westminster cited “operational and contractual issues on a limited number of offshore projects” as a key reason behind the drop in its six-month core earnings.
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PPG counts down to 12th annual conference thumbnail image

PPG counts down to 12th annual conference

August 22 - The Project Professionals Group (PPG) is preparing for its 12th annual conference, which will take place in Ho Chi Minh City, Vietnam, from September 25-27, 2019.
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Bondoux joins deugro group thumbnail image

Bondoux joins deugro group

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