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Luisa Cheshire

BY LUISA CHESHIRE

Panalpina in Agility tie-up talks

Swiss freight forwarder Panalpina is talking to Agility, a Kuwaiti logistics provider, about a tie-up deal, according to press reports

Panalpina in Agility tie-up talks

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Swiss freight forwarder Panalpina is in talks for a tie-up with Kuwaiti logistics provider Agility, a deal that will help it fend off interest from Danish transport and logistics firm DSV, according to press reports.

The talks are at a preliminary stage and Panalpina is still reviewing an unsolicited US$4bn takeover offer from DSV, Panalpina said in a statement today (15 February).

Negotiations about combining Panalpina and Agility are backed by Panalpina’s biggest shareholder, the Ernst Goehner Foundation, Panalpina sources told the press.

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