Subscribe to Premium
Subscribe to Premium
Advanced Search
+

Comment / On the wires: DFDS doubles down – something in the Copenhagen water?

A1
By

Danish ro-ro and ferry operator DFDS announced its latest bolt-on acquisition this week as it agreed to buy 100% of the equity of compatriot ICT Logistics, a freight forwarder in which it had held a 19.9% stake since 2006.

The price tag was not disclosed – although it’s fair to assume it was a very small deal given a) ICT revenues in 2020 amounted to DKr260m ($41m) and b) the announcement didn’t even merit a regulatory news release on the Nasdaq Nordic.

Say ITC ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £15.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    cross-Channel freight DFDS DFDS Logistics HSF Logistics ICT Logistics On the wires Takeover Talk Vertical consolidation AP Moller - Maersk

    Most read news

    What will Trump's win mean for the logistics industry?

    No end to chaos in sight for shippers as Canada's port rows escalate

    Ripples from standstill at strike-bound Canadian ports could spread inland

    Canadian forwarders 'extremely frustrated' by lack of action to end port strikes

    Cargo operations at Brazil's Guarulhos Airport on brink of collapse

    Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung

    Disruptions at Canadian ports see rail operations hit the buffers

    Carriers drop calls at Hamburg after congestion builds at CTA

    Port of Valencia slowly gets back to work after floods from rainstorms

    Box shipping's resilience will be tested after September drop in volumes

    CMA CGM to resume Suez transits on India-US east coast service

    Red Sea crisis provides a bonus for Chinese container manufacturers

    Cross-border ecommerce continues to dominate air cargo markets 

    US port operators brace for tariff blitz if Trump gets second term

    DHL lowers profit expectations after weaker-than-expected Q3

    Houthis earn $2bn a year from Red Sea protection racket