At the beginning of October, the DSV Group acquired the Swift Freight Group of Companies, thereby expanding its transport network by another 13 countries.
Swift Freight, headquartered in Dubai, is one of the larger local logistics operators, with 36 branches in 15 countries across the Middle East, Africa, and Asia.
The DSV Group has acquired 100 percent of Swift Freight’s shares in the United Arab Emirates, India, and China, as well as a 33 percent stake in Africa, where it will operate under the name DSV Swift.
Under the agreement reached between the companies, DSV will eventually acquire all shares in the African branches of Swift Freight. The new company will be managed by the current CEO of Swift Freight, Warren Erfmann.
– The acquisition of Swift Freight represents a very important step towards increasing the DSV Group’s presence in emerging markets. We see enormous growth potential for our operations in Africa and the Middle East. Swift Freight is a leader in these markets, and we are all the more pleased to welcome the entire company team, led by Warren Erfmann, into the DSV family – says Jens Bjorn Andersen, CEO of the DSV Group.
– The Group’s expansion of its reach, especially through such locally strong companies as Swift Freight, builds our competitive advantage. DSV currently has its branches in 75 countries across six continents – summarizes Arkadiusz Mirek, President of DSV Air&Sea.
Swift Freight currently has 12 facilities in Africa: in Mozambique, Zambia, Congo, Tanzania, Rwanda, Burundi, Uganda, Kenya, Ethiopia, Nigeria, Ghana, and Togo. Outside of Africa, Swift Freight also has offices in the United Arab Emirates, India, and China.