Panalpina

DSV officials said that this acquisition is expected to establish a top three global freight forwarder, for revenue, and will be an all-share transaction expected to close in the third quarter. And it also noted that Agility will become DSV’s second largest shareholder, with an 8% ownership stake in the company.

Late last week, the acquisition of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV was made official, according to DSV officials.

More than a few moving parts remain intact, when it comes to the interaction between Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV, in regards to the latter’s pursuit of the former as an acquisition target, now the DSV has upped its offer for Panalpina and a separate party, Agility, is in talks with Panalpina about "partnership opportunities."

While the outcome had been predicted in industry circles, the verdict that Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina will not be acquired by Hedehusene, Denmark-based global 3PL DSV is now official.

Hedehusene, Denmark-based global 3PL DSV said this week that it confirmed that it made “an indicative and private proposal” to the board of directors of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina to acquire the company.

Evolving economic conditions, rapidly changing global and industry dynamics and the maturing of the industry suggest the capabilities and uses of 3PLs have evolved considerably over the sixteen years of this study. To assess these changes, the study team uses four complementary channels of research.