DHL Global Forwarding is selling its Fine Art Logistics business to MTAB

Following a review of the current business environment, DHL Global Forwarding has decided to divest its Norwegian fine art business to MTAB.

DHL Global Forwarding’s Fine Art business unit is an experienced fine art logistics provider offering highly-tailored solutions for domestic and international art transportation, packaging solutions, art storage, art installation, and conservation services. Through its established network of partners, the business undertakes logistics projects across the globe.

In MTAB we have found a highly capable and experienced partner with a customer- and people-centric corporate culture. We are confident that MTAB’s expertise and strong industry collaborations will take the fine art business to new heights. Mona Juell, Managing Director at DHL Global Forwarding (Norway)

MTAB AB is a leading Nordic player within specialized logistics and handling of valuable or sensitive objects and technical equipment. The acquisition is a major step in MTAB’s ambition to build a strong market position as the Nordic market leader and full-service supplier within logistics services to customers in the fine art sector.

We are pleased to announce the acquisition of DHL’s Fine Art business in Norway. With our extensive experience of over 50 years in fine art logistics and strong collaborations in the art, gallery, and museum sector, we are well-positioned to continue developing the business and providing top-quality service to our customers. Simon Fors, Managing Director of MTAB AB

DHL Global Forwarding will maintain its presence in Norway, ensuring uninterrupted transport and logistics solutions for customers outside the fine art business. The acquisition will not impact these customers, who will continue to receive high-quality logistics and transport services from DHL Global Forwarding.

Oaklins was a valuable partner in facilitating this transaction. Through close collaboration, the Oaklins team helped us navigate all stages of the transaction, and they anticipated and handled the challenges throughout the process. Mona Juell, Managing Director of DHL Global Forwarding (Norway) 

Oaklins’ team in Norway acted as the exclusive financial advisor to DHL Global Forwarding in this transaction, with the support of colleagues in Oaklins Germany.

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Nikolai Lunde Oslo, Norway
Managing Partner
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Dr. Lutz Becker Hamburg, Germany
Associate Partner
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Martin Nguyen Oslo, Norway
Analyst
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