DFDS is in the process of buying the international transport network of Ekol Logistics, which transports goods, including automotive and industrial parts, between Turkey and Europe. The purchase price is €260m ($276m).
DFDS will add road transport to its Mediterranean ferry network, strengthening its intermodal logistics connections and expanding its logistics network across Europe. The logistics provider said that with the Ekol network it could offer end-to-end transport solutions between Turkey and Europe directly to end customers, including distribution services and warehousing to manufacturers with production or assembly plants in Turkey.
“This acquisition is an excellent strategic match for DFDS,” said Torben Carlsen, CEO of DFDS. “Transporting large trailer volumes reliably and efficiently using combinations of road, ferry and rail is our core business. Moreover, we believe Türkiye’s role as a manufacturing hub for Europe will become even stronger in the future as nearshoring drives supply chains closer to end markets.”
DFDS said that nearshoring activity would be a supporting factor in an expected 14% growth in the transport sector between Turkey and Europe up to 2028.
Ekol’s international transport network had a revenue of €470m in 2023.
In other news, DFDS has recently ordered 100 Volvo electric trucks (etrucks) from Volvo Trucks for deployment across Europe, which will almost double the number of etrucks in its fleet. It has also reaffirmed its commitment to the electrification of cross-channel transport between Europe and the UK wit a long-term goal of operating up to six battery-powered vessels operating on Channel crossings, with the first two in service by 2030.
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