Logistics firm DSV launches rebranded local branch
Global transport and logistics company DSV announced on January 19 it started operations in Cambodia following its acquisition last year of UTI Worldwide and its office in the Kingdom. DSV acquired UTI Worldwide in January 2016 for a reported $1.35 billion, making it the fourth-largest freight forwarding company in the world, according to the group’s website. Through the purchase, DSV took over all of UTI’s operations in 58 different countries, including Cambodia.
