logistic company Danish DSV will buy the American UTi Worldwide for 1,35 billion dollars



Logistic group Danish DSV has undersigned today an agreement in order to buy the American UTi Worldwide, operation that will create to one of the main world-wide groups of the field of the transport and the logistics. According to the forecasts the transaction, that it will have a total value of about 1,35 billion dollars, will be capacity to term in the first trimester of the next year.

The agreement is approved of unanimously by the board of directors of the DSV and the UTi and will have to obtain the green light of the shareholders of the American group. DSV will buy the totality of the shares of UTi for 7,10 dollars everyone, figure that a prize of 34% regarding the medium value of the title of the American society in last the 30 days and a prize of 50% regarding the closing value represents yesterday.

With the concentration a group with a total will be constituted of pro forma relative revenues to the 2014 pairs to about 13 billion dollars, of which 61% in Europe, Middle East and Africa North, 17% in the America, 16% in Asia and 6% in sub-Saharan Africa. The new group will altogether have 44,000 dependent, 848 offices and 339 logistics centers in 84 nations.

Currently DSV, than 23,000 dependent, has 530 offices and 130 logistic structures in 75 nations. The Danish group, that stock exchange Nasdaq OMX of Copenhagen is quoted at the market, has archived item the exercise anniversary 2014 with revenues for 48,6 billion Danish crowns (7,4 billion dollars), with an increment of +6.3% regarding the year precedence. The revenues in the segment of marine and aerial shipments are piled to 22,0 billion Danish crowns (+8.9%), in that of the street transport to 24,2 billion Danish crowns (+4.6%) and in that of the other segments of the logistics to 5,7 billion dollars. In the exercise the 2014 operating profit has attested 2,6 billion to Danish crowns (+2.8%) and the profit to clearly 1,5 billion Danish crowns (- 5.1%).

UTi, that it has 21,000 dependent and it is quoted on the securities market Nasdaq, has 310 offices and 230 logistic structures in 59 nations. In fiscal year 2015, finished 31st January, the UTi group has recorded revenues for 4,2 billion dollars, with a decrease of the -5,8% on the fiscal year precedence. The operating result has been of sign negative for -115,8 million dollars respect to operating liabilities of -17,8 million dollars in exercise 2014. UTi has closed the exercise 2015 with a net loss of -202,6 million dollars respect to a net loss of -78,1 million dollars in the exercise precedence.