DSV acquires SBS Worldwide Holdings Ltd
DSV has agreed to acquire the entire share capital of UK-based SBS Worldwide Holdings Ltd. SBS Worldwide offers air and sea transport, as well as logistics solutions. The UK firm's activities will complement those of DSV's Air & Sea Division. SBS has 220 employees, and with three offices in England and four offices in the USA, the company mainly focuses on the transatlantic trade lanes. In 2012, SBS reported revenue of around GBP 50 million from those of its activities that are expected to continue. “SBS Worldwide is an excellent match for DSV. It is a well-run company with good customer relations and a high service level. The USA and UK are already important markets for DSV and the acquisition of SBS will strengthen us further," said Jens Bjørn Andersen, CEO of DSV. The parties have agreed not to disclose the transaction price.