DFDS and Ekol Logistics In “strategic dialogue” over acquisition
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DFDS has revealed it has begun initiated “strategic dialogue" with Turkey's Ekol Logistics so as to explore a possible acquisition of Ekol Logistics’ international road haulage activities.
DFDS states that in view of geopolitical developments and supply chain security and stability, it expects Turkey’s manufacturing capabilities and trade with Europe to continue to grow in the coming years.
“To further develop our ability to facilitate trade and to enhance customer offerings, a strategic dialogue between DFDS and Ekol Logistics, a major Turkish logistics company, has been initiated to explore a possible acquisition of Ekol Logistics’ international road haulage activities. Such a combination of ferry and logistics activities in the Mediterranean network would mirror DFDS’ proven northern European business model,” said DFDS on Friday.
DFDS has also submitted a filing to the Turkish competition authorities to obtain their view on a possible acquisition.
“Any possible transaction linked to the strategic dialogue with Ekol Logistics awaits among other things the outcome of the filing with the Turkish competition authorities and Board approval of transaction terms,” concluded DFDS’ statement on the matter.
Photo: Richard Says / Flickr / CC BY-NC-ND 2.0 (cropped image)