DSV acquires Swift Freight

In line with its mission
to expand its presence in
emerging markets, DSV
has signed an agreement to
acquire the Swift Freight
group of companies for an
undisclosed sum.
The transaction was
effective from October 1 and
both parties have agreed not
to disclose the purchase price.
Dubai-headquartered Swift
Freight has 36 offices spread
across 15 countries in Africa,
the Middle East and Asia and
was established in1989.
The purchase agreement
includes 100% ownership of
the companies in the UAE,
China and India and a 33%
share of ownership of the
companies in Africa. DSV
is expected to assume full
ownership of the African
entities over an agreed period
of time.
In the 12 African countries
where Swift is represented,
the operational name will be
DSV Swift. Warren Erfmann,
CEO of Swift Freight, will
continue as regional CEO of
all DSV Swift activities in
Africa.