About: http://data.cimple.eu/news-article/512b535420cdfe134c3318bc38fc2f15c447fdb0580efbcafc57fdf6

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Danish transport and logistics group DSV Panalpina said Tuesday it would acquire Global Integrated Logistics (GIL) from Kuwait's Agility for $4.2 billion, making it one of the world's largest companies in the sector. The deal comes as growing demand for global freight causes bottlenecks in supply chains and sends prices soaring. Two years after it acquired its Swiss rival Panalpina, DSV said its latest acquisition would make it the world's "third largest transport and logistics company". Combined revenue would rise around 23 percent, to 142 billion Danish kroner ($22 billion), it added. It said its combined workforce would total more than 70,000 employees. DSV Panalpina's largest division, Air & Sea, would be particularly bolstered by the purchase, transporting close to 2.8 million containers and more than 1.6 million tonnes of air freight annually. The group said the acquisition would also increase its warehousing capacity -- critical to limit the effects of bottlenecks -- by more than 1.4 million square metres (15 million square feet). The transaction is due to be finalised in the third quarter of 2021. Founded in Denmark in 1976, DSV was until now the fifth-largest transport and logistics group, behind world leaders such as Kuehne + Nagel and DHL. cbw/po/tgb
schema:headline	Danish freight group DSV Panalpina buys Agility's GIL for $4.2 bn
schema:mentions	Logistics Danish krone Kuwait Denmark Switzerland Liberal Independent Group Panalpina DHL Global Forwarding Deep-submergence vehicle Mark Roebuck
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	61 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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