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DFDS abandons Ekol buy
[ November 1, 2024 // Chris Lewis ]DFDS has abandoned its bid to acquire the international transport network of one of Turkey’s largest operators, Ekol Logistics. It said that completion of the transaction was conditional upon regulatory approvals and certain contractual conditions. Some of the latter had not been satisfied by the agreed deadline, forcing it to terminate the share purchase agreement.
The two parties signed an agreement for the Danish firm to acquire Ekol Logistics transport network in April this year, building on a partnership signed in 2019 whereby DFDS provided Ekol with access to its ferry capacity and third-party rail transport from arrival ports to select European destinations.
Ekol operates extensive services between Turkey and Europe and is UK freight forwarder Davies Turner’s partner in its home country.
Tags: DFDS; Ekol