DSV Panalpina is eyeing to ramp up its e-commerce game as the Danish company announced plans to acquire Prime Cargo, owned by Japanese logistics group Mitsui-Soko, including the forwarding company’s business in Denmark, Poland and China.
Prime Cargo‘s expertise within e-commerce is well known and the company operates fully automated warehouses similar to DSV’s Oslo facility.
“Prime Cargo in Denmark is a renowned and leading brand in e-commerce and fashion logistics. It fits perfectly into the strategic portfolio of our Danish DSV divisions. In e-commerce we will offer state-of-the-art competitive automated warehousing services with ambitious growth opportunities, says Marcel Blomjous, managing director, DSV Solutions, Denmark.
DSV seems impressed with Prime Cargo’s fashion product in China as well, saying this plays an important part in the latter’s competencies in e-commerce and fashion retail.
DSV expects the forwarder to complement its Danish Solutions and Air & Sea division, and the transaction is expected to complete within 2-3 months subject to customary conditions, including clearance by applicable competition authorities.