Bidvest Panalpina Logistics (BPL) has reassured its customers that it’s ‘business as usual’ for the company following news of the merger of Panalpina and DSV.
“BPL is owned 100% by The Bidvest Group and our new equity partners Makana Investments,” said managing director Craig Mountjoy. “Our relationship with Panalpina is governed by an agency agreement which protects both parties. Further to this, the CEO of Panalpina has confirmed in a communication to his staff that the Panalpina operations will continue unaffected and separate from DSV until the agreement is finalised much later this year.”
He said the majority of BPL business was South African-based logistics services through its owned warehousing network, transport fleet and customs broking division which had no reliance on Panalpina and remained unaffected by the announcement.
“With specific reference to the forwarding services which are largely Panalpina dependent, these will continue regardless of the outcome of the Panalpina/DSV merger.”
