Subjects: Mergers and acquisitions
DSV Panalpina makes voluntary offer of social plan to Basel head office employees
DSV Panalpina has decided to offer a voluntary and unilateral social plan to all Panalpina head office employees in Basel affected by the announced redundancies to take place in Q4-2019 and H1-2020.
Air & Sea in North America is ready to hit the ground running
The former Panalpina offices in Chicago, Detroit, Minneapolis and St Louis have been onboarded to DSV
DSV announces plans for Panalpina headquarters and continued presence in Basel, as integration progresses
The DSV Panalpina Group has informed employees at the former Panalpina headquarters in Basel about its plans for the location. As part of the integration, overlapping corporate functions and positions will either be cut or relocated to the headquarters in Denmark, which could result in up to 165 job losses. At the same time, the company intends to expand its logistical footprint in the Basel area.
Panalpina newsroom has been integrated in DSV
From moving cargo to moving content – with DSV and Panalpina joining forces, all media releases, news stories and blog posts of the two companies have been merged into one newsroom.
Exemption from conditions for maintaining listing and approval of delisting of Panalpina shares
On September 18, 2019, SIX Exchange Regulation granted Panalpina several temporary exemptions from the obligations for maintaining the listing and approved the request of Panalpina to delist the Panalpina Shares. The last trading day and the date of the delisting will be determined after the final judgement in the cancellation proceedings according to the Swiss Financial Infrastructure Act.
Ayme-Yahil to step down as Corporate Head of Marketing and Communications
Edna Ayme-Yahil, who led global marketing and communications at Panalpina, has decided to pursue other career opportunities effective immediately.
DSV completes acquisition of Panalpina
All conditions and requirements of the transaction have now been met
Change in the Board of Directors of Panalpina World Transport (Holding) AG
In connection with the public exchange offer by DSV A/S for all publicly held registered shares of Panalpina World Transport (Holding) AG published on 13 May 2019, the Board of Directors will propose at the Extraordinary General Meeting scheduled for 16 July, 2019, the election of the following persons nominated by DSV A/S into the Board of Directors of Panalpina World Transport (Holding) AG with
Decision of the Swiss Takeover Board regarding public exchange offer by DSV A/S for all publicly held registered shares of Panalpina Welttransport (Holding) AG
For the latest Panalpina media release, please go to:https://www.panalpina.com/content/www/global/en/home/investors/access-to-media-release.html
Newport Cargo now legally merged with Panalpina
Effective today, Newport Cargo has legally merged with Panalpina. The acquisition was completed in August 2018 and it has added tremendous value to Panalpina’s Perishables Network in expertise, customer base and business development.
Panalpina expands network in Colombia and Ecuador to become largest perishables player in Latin America
Panalpina continues to expand its Perishables Network in South America through the acquisition of CargoMaster S.A. in Colombia, and its subsidiary, Laseair S.A., in Ecuador. CargoMaster is one of Latin America’s largest companies specialized in the air freight export of perishables, mostly of flowers to the US.
Panalpina and DSV agree to join forces
DSV is pleased to announce an all share voluntary public tender offer for all publicly held shares of Panalpina
Panalpina statement on revised proposal from DSV
The Board of Directors of Panalpina confirms that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF 180 per share, all in cash.
Statement of Panalpina related to Agility
The Board of Directors of Panalpina confirms media reports that it is in discussions with Agility Group on potential strategic opportunities with regard to their respective logistics businesses. The discussions between the two companies are at a preliminary stage.
Statement from Panalpina regarding DSV and the position of Ernst Göhner Foundation
Panalpina confirms that the Ernst Göhner Foundation, Panalpina's largest shareholder representing approximately 46% of the total share capital, informed the Board of Directors that it does not support the current non-binding proposal from DSV and that it supports Panalpina’s Board of Directors in pursuing an independent growth strategy that includes M&A.
DSV can confirm that it has made an indicative and private proposal to Panalpina’s Board of Directors
In response to Panalpina Welttransport Holding AG’s (“Panalpina”) announcement today, we can confirm that DSV has made an indicative and private proposal to Panalpina’s Board of Directors to acquire Panalpina.
Panalpina statement on unsolicited, non-binding approach from DSV
The Board of Directors of Panalpina announces that it has received an unsolicited, non-binding proposal from DSV to acquire the company at a price of CHF 170 per share, comprising a mix of cash and DSV shares.
DSV acquires S&H – multi-channel fulfilment to further boost e-commerce business
Signing and closing took place 4 September 2018, at which time DSV A/S acquired 100% of S&H’s shares.
Panalpina Perishables Network expands to South Africa
Panalpina is expanding its Perishables Network to South Africa. The company is to acquire a majority stake in perishables specialist Skyservices. With the latest acquisition, Panalpina sets foot in a strategic market with its own presence in Johannesburg and Cape Town. The move will enable end-to-end solutions for perishables from South Africa to Europe, the Middle East, Far East and the USA.
Panalpina’s expansion of the Perishables Network continues in Argentina
Panalpina continues to expand its global Perishables Network in South America. The international freight forwarding and logistics company is to acquire Newport Cargo S.A., Argentina’s air freight market leader and perishables specialist. The acquisition is geared towards end-to-end solutions for perishables and will increase Panalpina’s foothold in Argentina and neighboring countries.