INVESTOR NEWS no. 24 - 18 July 2023
To further expand and develop our European transport network, DFDS has acquired
100% of the share capital of the Estron Group, a Dutch provider of road
transport and warehousing based in Rotterdam, Netherlands.
"The acquisition of Estron Group expands and enhances our road and ferry
transport network connecting continental Europe and the UK. Our offering of
warehousing and logistics services to especially our Dutch customers is also
greatly improved," says Niklas Andersson, Executive Vice President and Head of
Logistics Division.
Estron Group
Estron Group transports dry goods in trailers by road and ferry between mainly
the UK and Germany, Benelux, and Poland. Both full- and part-load transports are
provided based on a leased fleet of 300 trailers. Haulage is subcontracted.
Warehousing, cross-docking, and logistics services are provided from a
58,000m(2) leased warehouse located in the Port of Rotterdam.
The company has 130 employees and the annual revenue in 2022 was EUR 50m.
Strategic fit
Estron Group expands DFDS' transport network by adding road transport capacity
to the existing full-load operation to and from the UK that combines road and
ferry transport. In addition, Estron Group's part-load and warehousing
operations complements the existing similar operations based in Wijchen,
Netherlands. The acquisition thus strengthens customer offerings and is expected
to generate both commercial and operational synergies.
Transaction
Closing is expected in Q3 2023. The transaction is not subject to regulatory
approval.
The price of the shares corresponds to a stand-alone enterprise value/EBITDA-
multiple of around 6x excluding synergies.
Contact
Torben Carlsen, CEO +45 33 42 32 01
Karina Deacon, CFO +45 33 42 33 42
Søren Brøndholt Nielsen, IR +45 33 42 33 59
Regitze Reeh +45 31 16 28 47
About DFDS
We operate a transport network in and around Europe with an annual revenue of
DKK 27bn and 12,500 employees.
We move goods in trailers by ferry, road, and rail plus we offer related
logistics solutions.
We also move car and foot passengers on short sea and overnight ferry routes.
DFDS was founded in 1866 and headquartered and listed in Copenhagen.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
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