EU green light to European giant of logistics
Commission clears acquisition of Panalpina Welttransport by DSV
The European Commission has approved, under the EU Merger Regulation, the acquisition of Panalpina Welttransport Holding AG of Switzerland by DSV A/S of Denmark.
The transaction was examined under the simplified merger review procedure.
Both companies provide international land, air and sea freight forwarding services and contract logistics services to businesses; Brussels concluded that the proposed acquisition would not raise competition concerns given the companies' moderate combined market position and the presence of a large number of other players providing freight forwarding services, both to customers in the European Economic Area and other geographies worldwide.