DFDS, for many shippers and international logistics enterprise peers, may still be very strange, but this new giant has opened the buying and buying mode, but in the freight forwarding M&A market continues to spend a lot of money!
Last year, DFDS bought HFS Logistics, a Dutch company with 1,800 employees, for 2.2 billion Danish crowns ($300 million);
It bought ICT Logistics, which employs 80 people, for DKR260m;
In May DFDS announced the acquisition of Primerail, a small German logistics company that specialises in rail logistics.
Recently, the media reported that DFDS is in the rush to collect logistics enterprises!
DFDS buys Lucey, an Irish logistics firm
DFDS has acquired Irish company Lucey Transport Logistics to expand its European Logistics business.
"The acquisition of Lucey Transport Logistics significantly enhances our domestic services in Ireland and complements our existing international solutions," Niklas Andersson, DFDS executive vice president and head of Logistics, said in a statement.
"We now offer a more comprehensive supply chain solution in the region and build on a network that covers the entire island of Ireland."
DFDS is understood to have bought 100 per cent of Lucey's share capital, but the price of the deal has not been disclosed.
Under the terms of the agreement, DFDS will now operate a distribution centre in Dublin and regional warehouses at key locations in Ireland. In addition, DFDS will take over the bulk of Lucey Transport Logistics Ltd's freight operations and its 400 trailers.
The acquisition comes a week after DFDS raised its full-year 2022 guidance after passenger and freight revenue improved in the second quarter and was better than expected.
About Lucey
Lucey Transport Logistics is a family-owned national Logistics company with more than 70 years of history, over 250 employees and assets of 100 vehicles and 400 trailers.
Lucey operates from a 450,000 sq ft distribution warehouse in Dublin with direct access to all major road networks in Ireland; It also has regional depots in key areas such as Cork, Mill Street, Cronmel, Limerick, Roscommon, Donegal and Belfast.
Lucey provides consistent and reliable "first class" service to the beverage, confectionery, food and packaging industries.
The deal is conditional on approval from the relevant competition authorities and, according to DFDS, will not affect the company's 2022 guidance.
DFDS acquires Turkish forwarder Ekol?
DFDS has long been open to wanting to continue its land transport business through acquisitions.
According to Turkish media reports, the Company is taking over Ekol International Road Transport Company, the International Road Transport unit of Ekol Logistics, its largest customer in the Mediterranean region.
Faced with rumors of DFDS acquiring Ekol Logistics, DFDS CEO Torben Carlsen said DFDS is in "continuous dialogue on various things" with its client Ekol Logistics.
Founded in 1990, Ekol Logistics is an integrated Logistics company with operations in transportation, contract Logistics, international trade, and customized services and supply chains, according to the company's website.
In addition, the Turkish company has distribution centers in Turkey, Germany, Italy, Greece, France, Ukraine, Romania, Hungary, Spain, Poland, Sweden and Slovenia. Ekol has 7,500 employees.
Last year, Ekol generated revenues totaling 600 million euros and has been working closely with DFDS in ports and terminals and on Mediterranean routes for many years; And Ekol International Road Transport Company accounts for about 60% of Ekol Logistics' revenue
"We have seen the rumours and that is not the basis for our stock exchange announcement. It shows that if anything happens, it's at a very early stage, "DFDS CEO Torben Carlsen said." For some reason, these rumors started in Turkey. Ekol Logistics is our largest customer in the Mediterranean, so of course we are in constant dialogue about various things, but nothing is decisively directed towards an acquisition."
About DFDS
Det Forenede dampskibs-selskab (DFDS; Union Steamship Company, a Danish international shipping and logistics company, was formed in 1866 by the merger of the three largest Danish steamship companies at the time by C.F.Tetgen.
Although DFDS has generally focused on freight and passenger traffic in the North Sea and Baltic, it has also operated freight services to the United States, South America and the Mediterranean. Since the 1980s, DFDS's shipping focus has been on Northern Europe.
Today DFDS operates a network of 25 routes and 50 cargo and passenger ships in the North Sea, Baltic Sea and English Channel, called DFDSSeaways. Rail and land transport and container activities are operated by DFDS Logistics.
Post time: Aug-12-2022