DSV Panalpina has announced that it will acquire Globeflight Worldwide Express, a South African based courier company. The acquisition includes all Globeflight’s operations in South Africa and Swaziland and will boost DSV Panalpina’s presence in the small express parcel courier sector.
The transaction is consistent with DSV Panalpina’s global strategy of growth through acquisition, and Keith Pienaar, CEO of DSV South Africa, is very content with the new capabilities the acquisition will bring to DSV Panalpina in South Africa, commenting: “This transaction will strengthen DSV’s presence in the express and small parcel sector. It will leverage the investment DSV has made in infrastructure and systems, so we’re looking very much forward to welcoming Globeflight to DSV Panalpina.”
After the acquisition, Globeflight’s customers will have access to the full range of services offered by all three of DSV Panalpina’s divisions: Air & Sea, Road and Solutions, all of who will be moving into the flagship DSV Park | Gauteng near O.R. Tambo International Airport in South Africa in the new year.
Globeflight has more than 8,000 clients and delivers a wide range of items from educational supplies to IT and medical equipment. A fleet of 420 vehicles runs every day of the year, shipping nearly 330,000 deliveries in any given month.
The transaction is expected to close in about three months subject to regulatory approvals. Until then Globeflight and DSV Panalpina will conduct their businesses as usual and independently.
Source: DSV Panalpina
