DSV, 881 - DSV PANALPINA TO ACQUIRE AGILITY’S GLOBAL INTEGRATED LOGISTICS BUSINESS IN AN ALL-SHARE TRANSACTION - Seite 3

Contract logistics capabilities are increasingly important due to complex supply chains and changing distribution channels. GIL will bring additional warehousing capacity of more than 1.4 million square metres, mainly in APAC and the Middle East, and thereby significantly strengthen the Solutions division.

Finally, GIL will add Road Freight activities to DSV’s network in Europe and the Middle East.

DSV and GIL are a strong match with many potential synergies as a result of similarities in business models, services and strategies:

•        Strong customer relationships and vertical expertise

•        Commercial synergies and cross-selling opportunities from stronger network and service offerings, new competencies and skills

•        Consolidation of operations, administration and logistics facilities

•        Consolidation of IT infrastructure

•        Strong focus on corporate responsibility and sustainability

The transaction is expected to be EPS accretive (diluted and adjusted) in year 2 after completion of the transaction, and it is DSV’s aspiration to lift the operating margin of the combined entity to DSV's existing levels within the respective business areas.

Following completion of the transaction, further details on the impact of the acquisition will be communicated, including estimates and timing of synergies and integration costs as well as an update on the financial outlook for 2021.

About Agility
Agility has expanded its global footprint through a series of successful acquisitions and is an emerging markets leader, investor in emerging technologies and companies, and champion of sustainable and responsible business. The company has multiple lines of business: Agility’s Global Integrated Logistics business offers freight forwarding and contract logistics services. Agility’s Logistics Parks business develops and operates warehousing and light industrial parks across the Middle East, Africa and Asia. Agility’s subsidiary companies offer fuel logistics, airport services, commercial real estate and facilities management, customer digitisation and remote infrastructure services.