After approval from the competition authorities, DSV Panalpina has completed the acquisition of Prime Cargo and will take over its freight, warehouse and logistics operations in Denmark, Poland and China from Japan-based international forwarder Mitsui-Soko Group.
“DSV Panalpina and Prime Cargo share the same values and way of doing business, providing high quality personal service at competitive prices, and together we will be able to achieve more,” noted Henrik Nielsen, executive vice president, DSV Air & Sea, Northern Europe.
DSV says it’s business as usual, and both expect a mutually beneficial integration. The acquisition, announced in October, is expected to boost e-commerce and fashion retail, a key focus in Prime Cargo’s operations in China.
“Prime Cargo’s customers will benefit from DSV’s global network and services, and existing DSV customers will get access to even stronger capabilities within e-commerce and fashion retail,” explained Marcel Blomjous, managing director, DSV Solutions, Denmark.
“We are proud to become part of DSV Panalpina and as we move forward with the integration, it is our firm intention to ensure that all customers will continue to experience an uninterrupted, high level of service,” added Morten Høilund, managing director of Prime Cargo.
According to the company website, Prime Cargo has offices in Copenhagen, Szczecin in Poland as well as Hong Kong, Shanghai, Beijing, Qingdao, Xiamen, Shenzhen and Ningbo in China.