Articles > Newspapers > International Newspapers, Major Markets > TendersInfo news wires > June 2008

Article: Germany: DSV to Buy ABX Logistics for EU750 Million (USD1.17Bn) From 3i.

Article from:
TendersInfo
Article date:
June 23, 2008
Copyright

Byline: pinto03

DSV A/S, the Nordic region's biggest trucking company, agreed to buy ABX Logistics Worldwide SA from 3i Plc and partners for 750 million euros ($1.17 billion) to expand its air and sea freight-forwarding business in Europe.

DSV will increase its sales and labor force by about a third and boost its positions in Italy, France, Spain and Germany, the Broendby, Denmark-based company said today on its Web site. The purchase is DSV's second-largest after the 2000 acquisition of the road transport unit of Denmark's DFDS A/S.

``The transport sector is consolidating worldwide and volume means everything,'' DSV Chief Executive officer ...

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