Tuesday 25th Oct 2016 - Logistics Manager

DFDS bids for Frans Maas

Danish group DSV, which trades at DFDS Transport, is launching a take-over bid for Frans Maas, the Dutch logistics provider. It has told Koninklijke Frans Maas that it is considering making a cash offer of 38 euros per share and that a majority of KFM shareholders have agreed to support such a deal.

The companies said talks were at an early stage but were serious and constructive. “The parties consider that talks are appropriate in the light of ongoing consolidation in the industry and the complementary nature of the two businesses.” they said in a statement. DSV, operating under the DFDS Transport name, has sales of some 2.9 billion euros. It has transport and logistics operations in 36 counties along with partners an agents in more than 60 others. Frans Maas has sales of 1.1 billion euros and offers international logistics services ranging from freight forwarding to complex supply chain management. It has 225 sites across Europe and North Africa.