Danish group DSV, which trades at DFDS Transport, is launching a takeover bid for Frans Maas, the Dutch logistics provider. It has agreed with Koninklijke Frans Maas to make a cash offer of 38 euros a share and a majority of KFM shareholders have agreed to support such a deal.
In a joint statement, the two companies said: “The parties consider that talks are appropriate in the light of ongoing consolidation in the industry and the complementary nature of the two businesses.”
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.