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DSV buys SBS

[ September 10, 2013   //   ]

DSV is to buy UK-based forwarder SBS Worldwide. Described by DSV CEO Jens Bjørn Andersen as “an excellent match for DSV”, SBS has major markets in the US as well as the UK and offers air and sea transport and logistics solutions. It has three UK offices and four offices in the US and mainly focuses on the transatlantic trade lanes. SBS has 220 employees and in 2012 reported revenue of around £50 million from those of its activities that are expected to continue. The parties have agreed not to disclose the transaction price.

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