Sale to Industrial
Ontime Logistics sold to DSV
DSV announced on 10 July 2013 the acquisition of Ontime Logistics AS for an undisclosed amount

Strenghten position in the Norwegian domestic market

Ontime Logistics is a Nordic logistics provider with a revenue in 2012 of more than NOK 800 million. The Company handles approximately 1.2 million tonnes of cargo annually, and has daily departures to most Nordic locations and serves several European cities. The company has 220 employees and eight offices in Norway, five in Sweden and two in Denmark. Ontime Logistics (formerly Cargo Partner Group) was formed in 2008 by a merger of the three companies Cargo Partner, Globex and STS.

DSV is a global supplier of transport and logistics solutions. With offices in more than 70 countries all over the world and an international network of partners and agents. DSV has more than 22,000 employees worldwide and recorded a revenue of EUR 6 billion in 2012.

Alpha Corporate Finance acted as the exclusive financial advisor to Ontime Logistics which is controlled by CapMan Buyout VIII Fund A.L.P. and employees.

Alpha logo