DSV A/S acquire 50percent of TNT DFDS transport group A/S in the nordics

The mail, express and logistics company TPG N.V. and transport company DSV A/S have today signed an agreement with respect to the acquisition by DSV A/S of TPG’s 50percent stake in TNT DFDS Transport Group A/S. DSV A/S will acquire full ownership of the company, which at the same time changes its name to DFDS Transport Solutions.

The joint venture is a logistic provider in Denmark, Sweden, Norway and Finland and offers services in the sectors of fast moving consumer goods and hi-tech.

TPG and DSV A/S entered their partnership in May 2002. Due to the fact that TPG announced in June 2004, the acquisition of Wilson Logistics, which has logistics activities in the Nordic countries, the partners have agreed the acquisition by DSV A/S. This acquisition is subject to the approval by the relevant competition authorities and is expected to close in September 2004.