DFDS To Acquire 100% of HSF Logistics Group

By | 2021 Newsletter week 4 | No Comments

HSF Logistics Group is one of Europe’s leading cold chain logistics providers to meat producers and other food producers that operates temperature-controlled supply chains.

The HSF Logistics Group has revenue of DKK 2.8bn and an EBITDA of DKK 320m (before adjusting for IFRS 16). The company currently has 1,800 employees and operates around 700 trucks and 1,700 reefer trailers, including both owned and leased units.

The integration of the HSF Logistics Group is expected to generate both commercial and cost synergies as well as synergies from addition of volumes to DFDS’ transport infrastructure of ferry routes and ports. Expected synergies will be described in further detail in connection with the closing of the transaction.

DFDS acquires the HSF Logistics Group for a debt-free price of DKK 2.2bn (EUR 296m).

The acquisition is subject to approval by the European Competition Authority, expected within three months.

Photo: WSI Models