Agility has announced that it expects to complete the sale of its Global Integrated Logistics business to DSV Panalpina.
The all-shares transaction gives Agility 19,304,348 DSV shares upon full completion of the deal in all jurisdictions, representing approximately 8 per cent of all post-transaction shares of DSV.
The enterprise value of the transaction is USD 4.775 billion and the equity value is USD 4.675 billion.
Tarek Sultan, Agility Vice Chairman and CEO said: “We’re moving forward with a strategic investment in DSV, one of the world’s best-performing logistics providers.
“We will continue investing in businesses that are driving sustainable innovation in supply chain and transportation.
“Our future will be built around businesses, technology and investment that expand access to global trade and make supply chains faster, smarter, greener, fairer and more efficient and resilient.”
With the acquisition of Global Integrated Logistics, DSV becomes a global top-three player in the freight forwarding industry with an expected combined revenue of roughly $26 billion and 75,000 employees worldwide.