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<strong>DFDS</strong> annual report 2009 HEADER 119<br />

<strong>DFDS</strong>’<br />

history<br />

<strong>DFDS</strong> was founded in 1866, when C. F. Tietgen merged the three<br />

biggest Danish steamship companies of the day, and thus <strong>DFDS</strong><br />

celebrated its 140th anniversary in 2006.<br />

From its inception, <strong>DFDS</strong> was involved in domestic as well as<br />

international trade, transporting both freight and passengers. <strong>DFDS</strong>’<br />

international activities started in the North Sea and the Baltic Sea,<br />

followed later by the Mediterranean. Towards the end of the 19th<br />

century, routes were also established to the USA and South America.<br />

Land-based transport and logistics also became a part of <strong>DFDS</strong>’<br />

business activities as freight transport by land began to grow, and<br />

in the 1960s a door-to-door concept for freight was developed.<br />

A passenger route between New York and Miami, based on a<br />

cruise-ferry concept, was opened in 1982 but did not live up to<br />

expectations and closed in 1983. Subsequently, the <strong>DFDS</strong> Group<br />

was restructured and the activities in the Mediterranean and the<br />

routes to the USA and South America were sold.<br />

Since then, <strong>DFDS</strong>’ geographic focus for shipping has been<br />

Northern Europe.<br />

Land-based haulage and logistics activities were developed on the<br />

basis of organic growth and company acquisitions. By the late 1990s,<br />

<strong>DFDS</strong> Dan Transport had become one of the largest land-based<br />

transport companies in Northern Europe. <strong>DFDS</strong> Dan Transport was<br />

sold in 2000 to concentrate the Group’s resources on shipping, and<br />

a focused new shipping strategy was introduced in January 2001.<br />

<strong>DFDS</strong>’ current route network for freight and passenger shipping has<br />

been developed through organic growth and several acquisitions. The<br />

most important investments have been in the Swedish passenger and<br />

freight shipping company Tor Line in the early 80s, the Norwegian<br />

freight shipping company North Sea Line in the late 90s, the<br />

Lithuanian freight and passenger shipping company LISCO in 2001 and<br />

the Norwegian freight shipping company Lys-Line in 2003. In recent<br />

years, organic growth has been generated by, among other things,<br />

investments in tonnage of which the modernisation of the<br />

ro-ro fleet has been most significant.<br />

At the end of 2009, <strong>DFDS</strong> entered into an agreement to acquire<br />

Norfolkline, making the combined company Northern Europe’s<br />

leading passenger and freight company. <strong>DFDS</strong> is thus on the threshold<br />

of starting a new chapter in the company’s history. Final approval<br />

of the acquisition of Norfolkline from the competition authorities<br />

is expected to be received in Q2 2010.<br />

EDITING <strong>DFDS</strong> A/S<br />

Design KONTRapunkt A/S<br />

Layout & production KP2 a/s<br />

PHoto Søren Nielsen

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