Tags: mergers and acquisitions (m&a)
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.
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.
DSV’s vision and strategic direction has stood the test of time
Focus is on successful integration of the Panalpina business and people
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.
Extraordinary general meeting marked the ending of an era and a new beginning
All points on the agenda of the extraordinary general meeting were approved. The company now has a new Group name, a new member of the board, and a new and a new Chairman, as now former Chairman Kurt Larsen stepped down.
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.
DSV completes acquisition of Panalpina
All conditions and requirements of the transaction have now been met
Growing at a continuous and phenomenal rate
Since 1989, we have grown our annual revenue by almost 10,000%
A history of mergers and acquisitions
DSV is a result of many mergers and acquisitions. Since DSV was founded in 1976, we have continuously acquired companies great and small, starting with small trucking companies and freight forwarders in the 1980’s.
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
DSV has announced a revised bid of CHF 180 per Panalpina share
In continuation of the Company Announcements no. 734 of 16 January 2019 and no. 735 of 4 February 2019 DSV informs that DSV on 6 February 2019 has put forward to the Board of Directors of Panalpina a revised indicative and contingent all-cash offer to the shareholders of Panalpina at CHF 180 per Panalpina-share.
From local hero to global player in the growing perishables market
Panalpina has acquired seven companies specializing in the worldwide export and import of perishables since 2015. With its vision to become the preferred global supplier of perishables logistics by 2020, Panalpina not only acquires companies in the sector, it then also invests locally to develop the business further and support the communities where they operate.
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 expands facilities at Nairobi’s Jomo Kenyatta International Airport
Panalpina continues to expand and invest in Kenya, doubling its cold storage space at Nairobi’s Jomo Kenyatta International Airport to enable more and improved services for its perishables customers in and out of the country.
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 Adelantex is now bio certified by Certisys in Belgium
Panalpina Adelantex in Belgium has received a bio certification from Certisys, marking the sixth time a Panalpina unit is certified for the handling of organic produce and reinforcing the company’s position as a leading service provider in the perishables arena.
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.