"In The Hague, we will be closer to many of our customers, our main air and sea carriers, Europe's biggest transportation hubs, as well as our competition and the kind of additional international logistics experience we'll be looking to hire as we continue to grow," says Damco CEO Rolf Habben-Jansen.

Damco recorded $97m EBIT in 2011, a nearly five-fold increase from $22m in 2009. The improvement has been driven in particular by strong business in Asian and African markets. By 2015, Damco aspires to achieve net revenue of around $5bn.

"Our goals are ambitious and to reach them will require a combination of organic growth and selected acquisitions as well as strict attention to all of our costs. Only that will create the needed flexibility to invest when opportunities arise," says Habben-Jansen.

The moving process should be completed by the end of Q1 2013. There are approximately 150 positions in Damco's Copenhagen headquarters. Except for approximately 75 positions that will remain in Copenhagen to continue handling IT functions, all positions are expected to be affected by the move.

Source: Damco