Release Date:
Release ID: 511

DSV Road Oy ("DSV") acquires Termoline Oy ("Termoline")

Today DSV Road Oy (a Finnish company of the DSV Group) has signed an agreement

on DSV's purchase of 57% of the shares in Termoline and an option agreement

under which DSV may purchase the remaining 43% of the shares within one year.

The acquisition has been executed with effect as from today from which DSV will

consolidate the company.

Press Release

Termoline specialises in the transport of refrigerated goods, including the

transport of flowers, for which reason it will expand the activities of the

current Finnish Road Division to comprise new fields. Last year, Termoline

realised a revenue of EUR 7.8 million and an EBITA of EUR 0.5 million.

DSV intends to integrate the company into its Road Division. Considering the

size of the company, Management expects that this integration will be completed

by the end of the year.


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