We are excited to announce that Vestas and DSV Panalpina, a world leader in transport and logistics services, have formed a strategic partnership on transport and logistics.To serve a truly global and growing marketplace for sustainable energy solutions and secure industry-leading profitability, Vestas aims to leverage size, scale and volume.
As a result, Vestas is actively looking for partners that can help scale their business efficiently. With the partnership, DSV Panalpina will execute and manage Vestas’ general freight and special project transportation, inbound as well as outbound. By combining Vestas’ volume and experience in special project transport with DSV Panalpina’s broader logistics expertise and scale, the partnership aims to simplify Vestas’ global transportation setup, as well as generate economies of scale and efficiencies for both companies.
In a growing market for wind energy, scale advantages remain key to Vestas’ present and future success. To achieve these, Vestas want to work even more closely with their customers and partners. And, to scale their operations to meet global demand as well as handle the growing complexity from both components increasing in size and wind parks becoming more remote, logistics and transport will grow in significance.
Following the announcement of Vestas’ ambition to become carbon neutral by 2030, the partnership also includes a mutual commitment to reduce and eliminate CO2 emissions related to transport and logistics. The partnership seeks to reap the advantages of combining DSV Panalpina’s global footprint with 60,000 employees in 90 countries and complete range of services across the entire supply chain, with Vestas’ volume and unparalleled experience in special project transportation, stemming from delivering and installing more than 70,000 wind turbines in 80 countries.
Vestas has around 500,000 inbound shipments a year and uses more than 900 vessels every year. The partnership does not include outbound transport for Vestas’ Service business. The agreement with Vestas is not expected to have any material impact on DSV Panalpina’s operating result or cash flow for 2020.
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