The conditions of closing have been met and the transaction has been completed. DSV has acquired the entire share capital of Ontime Logistics AS. While the merger and integration process is underway, initially operations and business will continue as usual.
The Scandinavian activities of Ontime Logistics A/S will be integrated with DSV's existing business. It will add to our already strong position in the Nordic market and Ontime Logistics AS customers will gain access to DSV's global network.
For further details please consult our initial announcement.