DSV buys GIL from Agility in $4.6bn deal

Denmark headquartered DSV Panalpina A/S (DSV) announced the acquisition of Global Integrated Logistics (GIL) from Agility, a Kuwait-based leader in supply chain services, innovation and investment. The enterprise value of the transaction is $4.775 billion and the equity value is $4.675 billion.
“I am very pleased to welcome our new colleagues from GIL on this important day. There are many similarities when you look at our two companies both in terms of the business models and services and, not least, when we look at our shared focus on local empowerment and putting customers first,” said Jens Bjørn Andersen, Group CEO, DSV.
“DSV and GIL simply constitute an excellent match. We will now start the integration, and, together, we are going to grow the business and bring even more value to our many customers, partners and shareholders than we do separately.”