DFDS and Ekol Trade Barbs as Acquisition Unravels

Introduction

DFDS and Ekol, two major logistics companies, have been engaged in a war of words following the collapse of DFDS's planned acquisition of Ekol.

DFDS announced its intention to acquire Ekol in December 2021, but the deal fell apart in March 2023. Both companies have since accused each other of wrongdoing.

DFDS's Allegations

DFDS has accused Ekol of providing false information during the due diligence process. The company also claims that Ekol breached its contractual obligations by failing to provide timely and accurate information.

In a statement, DFDS said: "We are extremely disappointed that the acquisition of Ekol has not been completed. We believe that Ekol provided us with false information during the due diligence process, and that they breached their contractual obligations by failing to provide timely and accurate information."

Ekol's Response

Ekol has denied DFDS's allegations. The company says that it provided DFDS with all of the information that was requested during the due diligence process.

In a statement, Ekol said: "We are confident that we provided DFDS with all of the information that was requested during the due diligence process. We believe that DFDS's allegations are without merit, and we will be taking all necessary steps to protect our reputation."

Conclusion

The collapse of the DFDS-Ekol acquisition has left both companies with a damaged reputation. It is unclear how the two companies will move forward, but it is likely that the relationship between them will be strained for some time to come.