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DSV nominates former Panalpina vice chair as board member

The former vice chairman of Panalpina, who also chairs major shareholder Ernst Göhner Foundation, is now nominated to DSV's board of directors by request of the foundation. He has previously been criticized for his double role in the sale of Panalpina.

Panalpina confirms departure of executives

Executive VP for Ocean Freight Peder Winther and CIO Ralf Morawietz leave Panalpina following the merger with DSV. Their departure is part of the move to eliminate five executive positions, though three will continue at the new company.

DSV warns of layoffs after Panalpina takeover

Like the acquisition of US-based UTi, the integration of Panalpina is expected to entail layoffs, CFO Jens Lund tells ShippingWatch. DSV's management can look forward to some years of work incorporating its Swiss billion-dollar acquisition.

DSV wants to close Panalpina deal no later than Aug. 19

Transport group DSV has received the final approval the company needs from authorities to finalize its acquisition of logistics company Panalpina. As such, DSV now expects to close the deal no later than Aug. 19, after which integration may commence.

DSV extends acquisition deadline

DSV extends its offer to Panalpina stakeholders to Aug. 7. The company has received green light from most of them but is attempting to get the rest on board by extending the deadline.

20 freight forwarders compete for global sea transport

DSV will grow significantly with its acquisition of Panalpina, but of the world's 20 largest freight forwarding companies in sea freighting, one in particular stands out, shows a report by analyst firm Transport Intelligence.

DSV wants to grow despite global headwinds

A slowdown in the global economy will not halt DSV's growth rates going forward, says CEO Jens Bjørn Andersen. "We will continue to be able to conquer market shares and grow," he tells ShippingWatch.

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