DSV has reached agreements to acquire US-based transport and logistics companies S&M Moving Systems West and Global Diversity Logistics.
These acquisitions will strengthen DSV’s position within the semiconductor industry, align with its new Phoenix-Mesa Gateway Airport operations and support DSV’s growing cross-border services to Latin America. The transactions are expected to be completed in April 2023, pending all legal formalities, and the parties have agreed not to disclose the purchase price.
The same family runs S&M Moving Systems West and Global Diversity Logistics, and they have 130 employees and operate across 11 sites in Oregon and Arizona. Together they provide services within domestic road freight, international air and sea freight, warehousing, tradeshow logistics and specialist solutions to support the semiconductor industry.
“We have a strong presence in the US, and these acquisitions underline our continuous commitment to strengthening our US position, competencies and service offerings. They also provide access to a strong heritage and a wealth of knowledge and experience in the semiconductor industry,” says Niels Larsen, President of DSV Air & Sea US.
Furthermore, Arizona is also emerging as an electric vehicle sales and manufacturing hub, and the extra infrastructure and workforce of these acquisitions will also help DSV provide additional solutions for its existing customers.
In addition, the acquisitions of S&M Moving Systems West and Global Diversity Logistics go hand-in-hand with DSV’s new Phoenix-Mesa Gateway Airport operations and air charter expansion in Arizona. Customer demand for services to Latin America continues to grow, and these acquisitions will support the development of DSV’s cross-border services and provide customers with a reliable and efficient additional gateway to Latin America.
“We have recently expanded our cross-border operations to facilitate the growing trade between the US and Mexico. We are currently supporting a range of customers across various industries and can now provide a reliable alternative to Miami. With two official gateways into Latin America, we are better placed to support customer needs, particularly during busy periods and congestion,” says Robert Greene, Executive Vice President of DSV Road US.
Source: DSV
