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06 July 2020 The on-line newspaper devoted to the world of transports 23:22 GMT+2

February 15, 2019

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Original news
Panalpina in negotiations for a possible fusion with the Middle Eastern Agility

Precise the Swiss company that continues the appraisal of the analogous proposal advanced from Danish DSV

The logistic group Helvetic Panalpina, that it is object of a proposal of purchase of Danish group DSV, has announced of having in course today analogous negotiations with the logistic group Kuwaiti Agility that concerns - it has specified Panalpina - "on potential relative strategic opportunities to the respective logistic activities" and that "they are in a preliminary phase". Moreover Panalpina has specified that own board of directors, with its advisers, is continuing to examine the proposal of the DSV, project that however seems to be itself run aground after not to the fusion announced from the greater shareholder of the Swiss company, the Ernst Göhner Foundation that possesses 46% of the capital of the Panalpina(on 16 January and 4 February 2019)

From a part, therefore, DSV with employee its beyond 47 thousand, active in 75 nations and with a turnover that in 2018 are piled to about 11,9 billion dollars, from the other Agility with 22 thousand employee, than work in 100 nations and with a turnover that in 2017 has been of about 4,6 billion dollars. In means Panalpina, a company that it has about 14 thousand employee, it is present in beyond 70 nations and in 2017 it has totaled a turnover of about 5,5 billion dollars.

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