DSV acquires SBS Worldwide Holdings Ltd.

DSV has today signed an agreement to acquire the entire share capital of the UK based SBS Worldwide Holdings Ltd. SBS Worldwide offers air and sea transport and logistics solutions, and their activities will complement those activities of DSV’s Air & Sea Division. SBS has 220 employees, and with three offices in England and four offices in the US the […]

DSV Aquires Airmar Cargo S.A.

DSV signed an agreement to acquire its exclusive agent in Colombia, Airmar Cargo S.A. This transaction will strengthen DSV’s foothold in the South American market, by adding 60 employees and 4 branches (in Bogotá, Medellin, Cali and Cartagena) to its network. By entering the Colombian market, DSV is now present in 75 countries globally. Airmar Cargo S.A. was founded in […]

DSV, 486 – 2012 Annual Report

Company Announcement No. 486 “In a transport market which remained weak throughout Q4 2012, we are proud to present good interim results and full year 2012 results that are overall in line with the expectations announced in the beginning of the year. In 2012, we have worked hard to provide good services for our customers while maintaining a high focus […]

DSV – ABX LOGISTICS Worldwide NV/SA settles US class action lawsuit

ABX LOGISTICS Worldwide NV/SA has entered into an agreement to settle a US class action lawsuit alleging anticompetitive practices in relation to certain surcharges for freight forwarding services. The class action lawsuit is related to ABX LOGISTICS Worldwide NV/SA, a subsidiary taken over in 2008 in connection with DSV’s acquisition of ABX LOGISTICS. The settlement, which is subject to US […]

DSV – DSV Air & Sea strengthens its network in Latin America

DSV has signed an agreement to purchase the remaining 60% of the shares in DSV-GL Latin America S.A. from its Joint Venture partner LOS INKAS S.A. DSV-GL Latin America offers integrated freight forwarding and logistics services to its customers in Argentina, Chile and Peru under the DSV-GL Brand name. The three DSV-GL affiliates generated revenue of 32 million USD in […]

DSV – Interim Financial Report Third quarter 2012

Selected financial and operating data for Q3 2012 and for the period 1 January – 30 September 2012 (DKKm) Q3 2011 Q3 2012 YTD 2011 YTD 2012 Revenue 10,905 11,313 32,787 33,504 Gross profit 2,450 2,529 7,322 7,542 Operating profit before special items (EBITA) 654 691 1,837 1,933 EBITA margin 6.0% 6.1% 5.6% 5.8% EBITA as a percentage of gross […]

DSV expands network in Africa and the Middle East

DSV has today signed an agreement to acquire the Swift Freight Group of Companies Swift Freight, headquartered in Dubai, is a strong regional freight forwarder with 36 offices spread across 15 countries in Africa, the Middle East and Asia. Swift Freight specialises in transport solutions across these regions and has been in existence since 1989. In Africa, Swift Freight has […]

DSV acquires activities from AWT Čechofracht a.s.

DSV in Czech Republic has signed an agreement on the acquisition of certain activities from AWT Čechofracht a.s. AWT Čechofracht a.s. has a strong market position in the Czech Republic offering several forwarding and logistics services. The agreement includes the road, air and sea freight activities and contract logistics of AWT Čechofracht and will as such strengthen the market position […]

DSV, 449 – Interim Financial Report First quarter 2012

Company Announcement No. 449 Selected financial and operating data for the period 1 January – 31 March 2012 Revenue amounted to DKK 10,819 million (2011: DKK 10,793 million) Gross profit came to DKK 2,435 million (2011: DKK 2,372 million), corresponding to a gross margin of 22.5% (2011: 22.0%) Operating profit before special items (EBITA) came to DKK 555 million (2011: […]

DSV – Antitrust Proceedings in Italy

As informed in company announcement no. 396, the Italian authorities have in June 2011 imposed an administrative fine of EUR 23.6 million on DSV’s Italian subsidiary Saima Avandero S.p.A which was taken over in 2008 in connection with the acquisition of ABX LOGISTICS. The fine was imposed for alleged violation of the Italian competition law provisions in the period 2002-2007. […]