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DSV A/S Acquires Airmar Cargo S.A.


Monday, 24 Jun 2013 04:00am EDT 

DSV A/S announced that it has signed an agreement to acquire its exclusive agent in Colombia, Airmar Cargo S.A. This transaction will strengthen DSV’s foothold in the South American market, by adding 60 employees and four branches (in Bogota, Medellin, Cali and Cartagena) to its network. By entering the Colombian market, DSV is present in 75 countries. Airmar Cargo S.A. was founded in 1997 in Bogota. It is active in the seafreight forwarding export market from Colombia to the Central American and Caribbean countries and DSV’s exclusive agent since 2009. It achieved in 2012 a gross turnover of USD 8 million. The transaction, which takes the form of an asset deal, has been submitted to Colombian competition authorities and is expected to close around September1, 2013. Financial terms of the transaction have not been disclosed. 

Company Quote

213.6
1.0 +0.47%
27 Mar 2015