The acquisition process of UTi Worldwide Inc. by the DSV Group has become a reality following approval from both UTi shareholders and the relevant antitrust authorities. The merger of the companies in individual countries will make the DSV Group one of the strongest logistics and transport networks in the world, with over 40,000 employees in more than 80 countries globally.
Thanks to joining forces, the DSV Group will be able to offer its customers, among other things, warehousing and logistics solutions on six continents, distribution and road transport services in Europe, the USA, Africa, and Asia, a vast scale of air and sea freight services, and an additionally strengthened bargaining position.
– Acquisitions are an integral part of DSV’s growth strategy. Our priority at this moment is the rapid and full integration of the companies, based on our previous experience from successful mergers we have carried out in recent years. The expected increase in revenue following the merger of DSV and UTi on a global scale will amount to approximately 50 percent. Thus, we will join the group of the four largest global logistics operators, creating one of the strongest logistics and transport networks in the world. DSV Air&Sea will simultaneously become the eighth-largest air freight forwarder in the world, with a volume reaching 660,000 tons annually. In Poland, we have just begun the integration process, which, thanks to the combination of our companies’ structures, will allow for a significant strengthening of all three DSV divisions, i.e., Air&Sea, Road, and Solutions – says Arkadiusz Mirek, CEO of DSV Air&Sea, responsible for the integration process in Poland.
– The leap in growth in the area of contract logistics, in which DSV Solutions specializes, is an excellent opportunity for us to expand our competencies and exchange experiences. We have a very interesting period of working together ahead of us, and I am convinced that the employees of both companies will be able to bring many new perspectives to achieve the best business results. A very important element of the integration process will, of course, be the focus on the highest quality for customers. We will also make every effort to ensure that the merger of our companies brings tangible benefits to our business partners as well – says Maciej Walenda, CEO of DSV Solutions.
– UTi Worldwide Inc. is a brand with a long tradition and experience, operating on the international transport market since 1926. In Poland, just like DSV, it has been active since the 1990s. The experience and high quality of UTi’s services, as well as the building of long-term relationships with customers, are compatible with DSV’s values, fit perfectly with our development strategy, and constitute a very good starting point for our integration. I expect that the merger will allow us to create additional value for customers and increase DSV’s competitive advantage in Poland. One of our first steps will be to prepare and present service plans to our joint customers. Until then, as before, we will focus on performing our work well for the benefit of DSV and UTi customers – concludes Piotr W. Krawiecki, CEO of DSV Road.
The new DSV in numbers:
• +40,000 employees
• +80 countries
• +1,000 offices and logistics facilities
• 4.7 million sqm of warehouse space
The merger of both companies will also result in a better geographical balance for the operator, thanks to which its generated revenues will come 61 percent from operations in Europe, the Middle East, and North Africa, 17 percent in the Americas, 16 percent in Asia (APAC), and 6 percent in Sub-Saharan Africa.