We have offices in more than 70 countries and an international network of partners and agents, making us a truly global player that offers services worldwide. About UTi Worldwide Inc. Questions may be addressed to: Risks and uncertainties include the ability of the parties to obtain the necessary regulatory approvals and consummate the pending transaction. The conference will be accessible via the DSV website investor.
As a result, UTi is a global top 20 third party logistics provider. Lund, CFO, will present the transaction. We have offices in more than 70 countries and an international network of partners and agents, making us a truly global player that offers services worldwide. These documents may be obtained free of charge from the SEC's website at www. Some of these forward-looking statements can be identified by terms and phrases such as "may", "expects", "intends", "anticipates", "plans", "projects", "estimates" and the negatives thereof and analogues or similar expressions. The announcement has been prepared in Danish and in English. The conference will be accessible via the DSV website investor. Following closing, further details on the impact of the acquisition will be communicated, including estimates of synergies and integration costs. Pro forma revenue amounts to approximately USD 13 billion DKK 75 billion and the combined workforce will grow to 44, people in 84 countries, offices and logistics facilities. It also operates an extensive network in Asia-Pacific and Europe. The forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. The forward-looking statements include statements relating to the expected characteristics of the combined company; target synergies for the combined company; expected customer reach of the combined company; expected financial results of the combined company; expected benefits of the proposed transaction, including related synergies; transaction timeline; expected revenue and EBITDA of the combined entity; and expected timing of closing of the proposed transaction and satisfaction of conditions precedent, including regulatory conditions. In the event of discrepancies, the Danish version prevails. Conference call DSV invites analysts, investors and others to participate in a teleconference on 9 October at Stockholders may obtain information regarding the names, affiliations and interests of such individuals in UTi's Annual Report on Form K for the fiscal year ended 31 January , and its definitive proxy statement for the annual meeting of shareholders. Any forward-looking statements made in this release are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realised or, even if substantially realised, that they will have the expected consequences to, or effects on, us or our business or operations. UTi and its directors, executive officers and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from UTi's stockholders with respect to the proposed acquisition. The forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. The telephone numbers for the teleconference are: Headquartered in California, US, UTi is a global, asset-light supply chain services and logistics company. Commercial synergies from stronger network and service offerings, new competencies and skills Consolidation of offices and logistics facilities Consolidation of IT infrastructure Optimisation of organisational setup Stronger buying power The transaction is expected to be EPS accretive in year two after closing, and in the long term it is expected that operating margins of the combined entity can be lifted towards DSV's existing levels within the respective business segments. As a result, the Board of Directors of UTi has unanimously approved the agreement with DSV and strongly recommends that our shareholders accept the offer. A presentation will be available at the DSV website investor. Furthermore, DSV will now be truly global within contract logistics and expand into road freight activities outside Europe. About UTi Worldwide Inc. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The total transaction implies an enterprise value of approximately USD 1.
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