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DSV to buy Agility

DSV Panalpina is to buy Agility’s Global Integrated Logistics (GIL) arm for US$4.2 billion (DKK 26bn) its largest acquisition to date. Described by the Danish-owned company as one of the world’s top freight forwarding and contract logistics providers in 2020, Agility had revenues of $4 billion, mainly air and sea freight and a workforce of about 17,000.It follows DSV’s previous largest acquisition to date, Swiss-based Panalpina which it bought two ... [+]