{"id":41645,"date":"2024-04-09T18:34:38","date_gmt":"2024-04-09T15:34:38","guid":{"rendered":"https:\/\/www.al-sindbad.net\/dfds-to-buy-international-network-from-ekol\/41645\/"},"modified":"2024-04-09T18:34:38","modified_gmt":"2024-04-09T15:34:38","slug":"dfds-to-buy-international-network-from-ekol","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/dfds-to-buy-international-network-from-ekol\/41645\/","title":{"rendered":"DFDS to Buy International Network from Ekol"},"content":{"rendered":"

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\nApril 9, 2024<\/span>
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\n\u00a9 dvlcom \/ Adobe Stock\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Danish shipping and logistics firm DFDS said on Tuesday it has agreed to buy the international transport network of Turkey’s Ekol Logistics for 1.9 billion crowns ($277 million) and lifted its sales growth forecast for the year.<\/p>\n

The network connects Turkey and Europe and the acquisition will add road transport to its Mediterranean ferry network, DFDS said in a statement, adding that it was in line with its strategy to move goods in trailers by ferry, road and rail.<\/p>\n

“Turkey’s role as a manufacturing hub for Europe will become even stronger in the future as nearshoring drives supply chains closer to end markets,” DFDS CEO Torben Carlsen said.<\/p>\n

The two groups launched talks about a deal in 2022 and it was approved by the Turkish competition agency last year. The transaction is still conditional upon European Union approval.<\/p>\n

The Turkey-Europe transport market is expected to grow around 14% annually until 2028, according to DFDS.<\/p>\n

“The acquisition thereby expands DFDS’ network to a high-growth region,” the Danish company said.<\/p>\n

DFDS said that assuming it finalizes the deal early in the fourth quarter, it now forecasts full-year sales growth of 8-11% against an earlier forecast of 5-8% growth.<\/p>\n

Its shares were up 2% at 1207 GMT.<\/p>\n

($1 = 6.8620 Danish crowns)<\/em><\/p>\n

(Reuters – Reporting by Anna Ringstrom; Editing by Louise Rasmussen and Alexander Smith)<\/em><\/p>\n<\/div>\n<\/div>\n

maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"

April 9, 2024 \u00a9 dvlcom \/ Adobe Stock Danish shipping and logistics firm DFDS said on Tuesday it has agreed to buy the international transport network of Turkey’s Ekol Logistics for 1.9 billion crowns ($277 million) and lifted its sales growth forecast for the year. The network connects Turkey and Europe and the acquisition will …<\/p>\n","protected":false},"author":1,"featured_media":41646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-41645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/41645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=41645"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/41645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/41646"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=41645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=41645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=41645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}