European Commission - Daily News
Brussels, 23 December 2015
The European Commission has approved under the EU Merger Regulation the acquisition of UTi Worldwide Inc. of the British Virgin Islands by DSV A/S of Denmark.
DSV is a global freight forwarding and logistics company active in 75 countries. UTi Worldwide provides freight forwarding and contract logistics and distribution services in approximately 60 countries.
The Commission concluded that the proposed acquisition would raise no competition concerns, because of its overall limited impact on the market structure. The transaction was examined under the simplified merger review procedure.
(For more information: Lucía Caudet – Tel. +32 229 56182; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)