DENMARK-based logistics giant DSV is to acquire US-based transport and logistics companies S&M Moving Systems West and Global Diversity Logistics.
DSV said the acquisitions would strengthen its position in the semiconductor industry.
The transactions are expected to be completed in April 2023, pending all legal formalities.
The two US companies are both run by the same family. They are both headquartered in Arizona.
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, tradeshow logistics and specialist solutions to support the semiconductor industry.
DSV president air and sea Niels Larsen said his company has a strong presence in the US.
“These acquisitions underline our continuous commitment to strengthening our US position, competencies and service offerings,” he said.
“They also provide access to a strong heritage and a wealth of knowledge and experience in the semiconductor industry.”
S&M Moving Systems West president Steve Todare said the company, started with a single truck more than 100 years ago, has grown over the years.
“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,” Mr Todare said.
Global Diversity Logistics president Brooke Todare said, “We have now become part of the third largest global logistics provider and gain access to an extensive network, digital platforms and comprehensive service offerings”.
