DSV acquires UTi as logistics take-overs continue

The DSV Group has acquired UTi Worldwide, a global, supply chain services and logistics company with 21,000 employees in 58 countries.

The combined company will be one of the world's strongest transport and logistics networks.

CEO Jens Bjørn Andersen comments: "We are proud to welcome customers and employees of UTi to DSV. I have no doubt that the combination of the two companies is a recipe for success; and with our united network, we will create exciting opportunities for both customers and employees. We will now commence the integration process while taking care to maintain a high service level towards all customers. As we move forward, the commercial activities of DSV and UTi will continue under the DSV brand."

Headquartered in California, US, UTi is a global, asset-light supply chain services and logistics company with estimated annual revenue of USD 3.5 billion. UTi offers complete supply chain services and solutions, including air, ocean, distribution, customs brokerage and contract logistics.

Other recent deals include the FedEx acquisition of TNT Express.   

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