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Danish ferry operator DFDS is set to significantly expand its cold chain logistics operations, agreeing to acquire the Dutch HSF Group for €296m ($358.4m).
The deal will effectively “quadruple” DFDS’s cold chain business, CEO Torben Carlsen said.
He added that a new special-purpose DFDS company set up for the acquisition would see around half its annual revenue generated from cold chain operations.
In 2019, HSF generated €365m in revenues and delivered an ebitda of €43m, and Mr Carlsen said 2020 numbers were looking ...
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