DSV Panalpina to acquire South Africa’s Globeflight
DSV Panalpina will acquire Globeflight Worldwide Express, a South African based courier company.
December 09, 2020: DSV Panalpina will acquire Globeflight Worldwide Express, a South African based courier company. The acquisition includes all Globeflight’s operations in South Africa and Swaziland and boosts DSV Panalpina’s presence in the small express parcel courier sector.
The transaction is consistent with DSV Panalpina’s global strategy of growth through acquisition, and Keith Pienaar, CEO of DSV South Africa, is very content with the new capabilities the acquisition will bring to DSV Panalpina in South Africa. “This transaction will strengthen DSV’s presence in the express and small parcel sector. It will leverage the investment DSV has made in infrastructure and systems, so we’re looking very much forward to welcoming Globeflight to DSV Panalpina.”
According to Keith Pienaar DSV and Globeflight, “We are extremely pleased that DSV Panalpina recognizes our strengths and abilities in the small parcel and express freight forwarding sector. The envisioned synergy between DSV Panalpina and our award-winning team will create a dynamic bouquet of service offerings to logistics consumers. We feel the acquisition provides a unique opportunity to link our express focus and mindset with DSV’s impressive global network and diverse services, hereby creating a solution that clients have been looking for.”
The transaction is expected to close in about three months subject to regulatory approvals. Until then Globeflight and DSV will conduct their businesses as usual and independently.
Meanwhile, DSV’s new customer centric South African website has gone live and follows the successful launch earlier this year of DSV’s global site.
Customers have responded positively to the global website’s customer-centric navigation and content, and the South Africa site has followed the same formula, with additional content and emphasis wherever needed to reflect local conditions. Special local features include our very own supply chain innovation page including SCI and IO case studies, which before only displayed on the global website. Other additions include industry solutions in support of secure and education sectors over and above the globally recognised verticals of automotive, technology, healthcare, energy, industrial, retail/fashion, chemicals, and perishables.
