DSV has acquired Dartford-based freight forwarder SBS Worldwide Holdings for an undisclosed sum. The company has taken on SBS’s seven offices, four of which are in the United States, which DSV hopes will extend its presence in the US market. DSV Air and Sea managing director Michael Hansen said: “We already have a strong presence on the UK-US market and have identified it as an area of strategic growth for the company, so SBS’s particular expertise and experience in the […]
In April US 3PL XPO Logistics surprised the European logistics market with an unsolicited €3.24bn (£2.3bn) offer for French giant Norbert Dentressangle (ND).
Regulatory approval for the multi-billion euro UPS and TNT Express merger is dependent on whether the new company would be challenged enough by its competitors, the European Commission has said. If the deal is approved, the number of major parcel delivery companies in Europe will be reduced from four to three, which the regulator is concerned will reduce the amount of competitive service customers will have access to. Joaquín Almunia, vice president of the European Commission, responsible for competition policy, […]
Clipper Logistics has bought warehouse and distribution business Tesam Distribution for £11m.