DSV has today signed an agreement to acquire the entire share capital of the UK based SBS Worldwide Holdings Ltd.
SBS Worldwide offers air and sea transport and logistics solutions, and their activities will complement those activities of DSV's Air & Sea Division. SBS has 220 employees, and with three offices in England and four offices in the US the company mainly focuses on the Transatlantic trade lanes. In 2012, SBS reported revenue of approx. GBP 50 million from those of its activities that are expected to continue.
“SBS Worldwide is an excellent match for DSV. It is a well-run company with good customer relations and a high service level. The US and UK are already important markets for DSV and the acquisition of SBS will strengthen us further" says Jens Bjørn Andersen, CEO.
The parties have agreed not to disclose the transaction price.