DSV acquires SBS Worldwide (Holdings) Ltd.

On 29 August DSV signed an agreement to acquire the entire share capital of the UK based SBS Worldwide (Holdings) Ltd.

DSV acquires SBS Worldwide

"SBS Worldwide is an excellent match for DSV. It is a well-run company with good customer relations and a high service level. The US and UK are already important markets for DSV and the acquisition of SBS will strengthen us further" says Jens Bjørn Andersen, CEO.  

SBS Worldwide offers air and sea transport and logistics solutions, and their activities will complement those activities of DSV's Air & Sea Division. With three offices in England and four offices in the US the company mainly focuses on the transatlantic trade lanes. SBS has 220 employees and in 2012 SBS reported revenue of approx. GBP 50 million from those of its activities that are expected to continue.

The parties have agreed not to disclose the transaction price.

Questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, on tel. +45 43 20 30 40.