DSV Panalpina is once again set to reshuffle the global 3PL power ranking. Five years after the acquisition of UTi Worlwide and only two years after taking over Swiss 3PL Panalpina, of which it has just completed full integration, the Danish 3PL is acquiring Agility’s Global Integrated Logistics (GIL) for $4.2 billion. With this move, its workforce will grow by 17.000 employees, reaching 70.000 across the globe, and its revenue should increase by $ 4bn, climbing to $22 bn and making it the third largest 3PL in the world. The main benefactor of this transition will be the Air & Sea-division, DSV Panalpina’s largest division, which will now count close to 2.8 million containers (TEUs) and more than 1.6 million tons of air freight transported annually. GIL’s contract logistics capabilities will strengthen DSV’s Solutions division with additional warehousing capacity of more than 1.4 million square meters, mainly in APAC and the Middle East. Furthermore, GIL will add road freight activities to DSV’s network in both Europe and the Middle East and thereby improve DSV’s competitiveness across all three divisions. “The focus on scalability remains one of the key competitive advantages in freight forwarding with significant operational and commercial benefits in a highly fragmented market” explained DSV in a press release. Not part of the deal is Agility’s Logistics Parks business that develops warehousing and light-industrial infrastructure, and its portfolio of subsidiary companies, covering fuel logistics, commercial real estate, airport services, customs digitization, and digital logistics, among others. Agility says it will continue to invest in emerging technologies and companies and remains committed to sustainability across its operations and the companies it invests in.
Photo ©DSV Panalpina
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