DFDS Dan Transport has signed a contract to acquire the
German forwarding company Deugro Carl E. Press GmbH &
Co. Logistics KG in Frankfurt with effect from 1 September
1999.
Deugro Logistics employs 120 staff and has an annual
turnover of approx. DKK 220 mill. The company is a
shareholder in the Germany national distribution network
Cargo Line as well as in the international CLI organisation
(Cargo Line International).
With the acquisition the co-operation on Germany with
CLI will be further intensified – a co-operation which
commenced on 31 August 1999 and covers the DFDS Dan
Transport European forwarding subsidiaries.
The acquisition is in agreement with the objective for
DFDS Dan Transport, as presented in the announcement of the
prospectus of 20 October 1999, to further develop the
market position in Europe.
The acquisition is subject to approval by the Germany
Antitrust Authorities.
Ole Frie
Managing Director