DSV Panalpina acquiring Agility’s logistics business in $4.2 billion deal

All-share transaction expected to close in Q3 2021

DSV Panalpina announced it will acquire Kuwait-based Agility’s stand-alone Global Integrated Logistics (GIL) business unit in a deal the companies are valuing at $4.1 billion, roughly $500 million less than DSV’s acquisition of Panalpina announced just over two years ago. Agility’s GIL unit is one of the world’s largest airfreight forwarding businesses, ranking at No. […]

 

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