DSV has announced an all share voluntary public tender offer for all publicly held shares of Panalpina. DSV and Panalpina have reached an agreement on the terms and conditions of a combination by way of a Public Exchange Offer to all Panalpina shareholders.
If the offer is successful, DSV and Panalpina will become one of the world’s largest transport and logistics companies with a pro forma revenue of approximately DKK 118 billion and a workforce of more than 60,000 employees operating in 90 countries.
Following completion, DSV will propose to its shareholders, at an extraordinary general meeting, to change its name to ‘DSV Panalpina A/S’, which reflects the long, rich history of both companies.
