Danish transport and logistics company, DSV, is acquiring two US businesses to strengthen its position in the semiconductor industry.
DSV has reached agreements to acquire the transport and logistics companies S&M Moving Systems West and Global Diversity Logistics.
These companies will align Phoenix-Mesa Gateway Airport operations and support DSV’s growing cross-border services to Latin America.
The transactions are expected to be completed in April 2023, pending all legal formalities.
Headquartered in Phoenix and Chandler, Arizona, S&M Moving Systems West and Global Diversity Logistics are both run by the same family. They have a total of 130 employees and operate across 11 sites in Oregon and Arizona. Together they provide services within domestic road freight, international air and sea freight, warehousing, trade show logistics and specialist solutions to support the semiconductor industry.
“We have a strong presence in the US, and these acquisitions underline our continuous commitment to strengthening our US position, competencies and service offerings,” said DSV Air & Sea US President, Niels Larsen.
“They also provide access to a strong heritage and a wealth of knowledge and experience in the semiconductor industry.”
There is a strong match between DSV, S&M Moving Systems West and Global Diversity Logistics’ respective businesses and operating structures. These acquisitions will expand DSV’s existing US footprint, particularly in Arizona, and bring together its air and sea, road and warehousing divisions with the new acquisitions.
“What started with a single truck over 100 years ago has evolved and grown significantly,” said S&M Moving Systems West President, Steve Todare.
“As a family-run business, we have strong values, dedicated employees and a focus on excellent customer service, which is a shared core value with DSV.
“I am proud of what we have achieved and excited for this new chapter of our story with DSV.”
DSV Road US Executive Vice President, Robert Greene, is excited about how these acquisitions will also benefit DSV’s growing cross-border operations.
“We have recently expanded our cross-border operations to facilitate the growing trade between the US and Mexico,” he said.
“We are currently supporting a range of customers across various industries and can now provide a reliable alternative to Miami. With two official gateways into Latin America, we are better placed to support customer needs, particularly during busy periods and congestion.”
Arizona is also emerging as an electric vehicle sales and manufacturing hub, and the extra infrastructure and workforce of these acquisitions will also help DSV provide additional solutions for its existing customers.
“As a result of these acquisitions, we will be gaining 130 new colleagues, additional transport assets and over 1 million sq. ft of logistics centres,” said DSV Solutions US President, Michael Marlow.
“This will strengthen our US operations and provide the potential to develop our contract logistics business further in these regions.”