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2016-01-22

UTi Worldwide: DSV Acquires UTi Worldwide Inc.

COPENHAGEN, Denmark, Jan. 22, 2016 (GLOBE NEWSWIRE) -- We are delighted to
announce that DSV's acquisition of UTi Worldwide Inc. has
now been completed with the approval of UTi shareholders and competition
authorities.

A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/cd782a7e-f59a-46c7-9a...

Jens Bjørn Andersen, CEO of DSV, comments

"We are proud to welcome customers and employees of UTi to DSV. I have no
doubt that the combination of DSV and UTi is a recipe for success; and with
our united network, we will create exciting opportunities for both customers
and employees. We will now start the integration process while taking care to
maintain a high service level towards all customers. The commercial
activities of DSV and UTi will continue under the DSV brand as we move
forward."

Creating one of the world's strongest transport and logistics networks

The transaction makes DSV the fourth largest freight forwarder in the world by
adding approximately 50% to DSV's existing revenue. In addition, the new DSV
has a more diversified geography and business mix as well as:

* +40,000 employees
* +80 countries
* +1,000 offices and logistics facilities
* 4.7 mill. warehousing m2

The transaction has significantly strengthened our global market position
within Air&Sea, making us the world's 6th and 7th largest operator within
ocean and air freight, respectively. It also adds a global scale to our
contract logistics division, Solutions, and expands our road freight and
distribution activities to cover Europe, North America, Africa and Asia. Last
but not least, the new DSV will offer strong specialist skills in industry
verticals such as automotive, healthcare, consumer + retail, chemicals,
energy etc.

Due to the similarities in business, organisation and culture as well as
thorough preparations, we expect to be able to integrate the two companies
quickly and smoothly.

More information at www.dsv.com/press and
www.mynewsdesk.com/dsv-corporate-news.

DSV - Global Transport and Logistics

With offices and facilities in more than 80 countries on six continents, we
provide and run supply chain solutions for thousands of companies on a daily
basis. Our reach is global yet our presence is local and close to our
customers. Read more at www.dsv.com

Please contact us for interviews and further information

International media:

Contact Media Relations Manager
Tina J. Hindsbo, +45 4320 3663,
or Director, IR and Corporate Communication,
Flemming Ole Nielsen, +45 4320 3392, or press@dsv.com.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: UTi Worldwide via Globenewswire

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