News

When the acquisition of HFS Group, one of the leading companies in European cold chain transportation, is finalized, DFDS is expected to quadruple its cold chain business and create the leading cold chain logistics provider in Northern Europe. Agreed to purchase Logistics Group in a deal worth DKr 2.2 billion ($ 358.8 million).

he firm stated that it has made a debt-free acquisition through a newly established, wholly-owned subsidiary, which will create northern Europe's leading cold chain logistics provider.

The HSF Logistics group is a family business and employs 1,800 people specializing in serving meat producers and other food producers operating in controlled temperature supply chains.

The company stated that, after the acquisition, it will give DFDS 700 trucks operating at 22 locations and 1,700 reefers.

The addition of the HSF Logistics Group to existing activities means its geographic scope expands to the Netherlands, Scandinavia, Germany, and Southern Europe, as well as China and Morocco. Also, meat logistics will be added to the DFDS's aquaculture/seafood and general food logistics expertise.

The agreement, pending regulatory approval, is expected to be completed in about three months.