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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.

This is how much DSV is expected to gain from Panalpina

DSV buys Panalpina in a major deal, in which the price has continually been negotiated higher. Now DSV is going to create synergies and increase efficiency. Three banks present their view on what DSV may get out of the acquisition.

The new DSV will transport three million containers a year

"We will move three million containers a year, and we look forward to that," says DSV CEO Jens Bjørn Andersen in an interview with ShippingWatch, after the company finally managed to take over Panalpina. And size provides opportunities, he adds.

DSV and Panalpina agree on sale

Panalpina's board of directors has agreed to sell to DSV. The latter has been trying to take over the Swiss-based logistics company for several months.

Flexport to open offices in the UK and Denmark

Rapidly expanding Flexport will open in the UK and Denmark, says the US-based logistics company in an interview with ShippingWatch. Customer base played a big role in deciding the locations.

DSV knew about delicate voting issue at Panalpina

At first glance, it does not make sense that Panalpina's controlling shareholder wants to lift a voting restriction that does not impact itself. But there is likely a very specific reason for the proposal, various sources tell ShippingWatch.

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