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DSV

Read all the latest news about DSV. ShippingWatch gives you independent, credible, critical and fair news.

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.

Panalpina's majority shareholder wants to eliminate voting restriction

While DSV is still waiting for a response from Panalpina, the Swiss company's majority shareholder, the Ernst Göhner Foundation, now wants to lift the voting restriction that limits the influence of major shareholders. "This will harm minority shareholders," says one of Panalpina's other major shareholders.

Last week's top stories on ShippingWatch

Maersk stood out last week, with CEO Søren Skou expressing the company's challenges but also called scrubbers "a foolish idea." The Danish climate minister also entered the scrubber debate while DSV dismissed rumors about a merger with Kuehne+Nagel.

Agility CFO: We don't see ourselves as exiting

Agility does not boast about details in terms of plans with Swiss Panalpina, which DSV has offered to acquire for USD 4,3 billion. The company's CFO, Ehad Aziz, emphasizes however, that the Kuwaiti company has no plans to exit the logistics market.

DSV raises its Panalpina offer

DSV has submitted a higher cash offer to buy Panalpina, which the Danish transport and logistics group has been trying to acquire for weeks. The news comes after Panalpina on Friday confirmed preliminary talks with Kuwaiti logistics company.

Panalpina CEO: We are ready to make our own acquisitions

Panalpina sees itself as "a buyer, not a target" in the current acquisition rally among freight forwarders, says CEO of the Swiss logistics company, Stefan Karlen. Despite the DSV bid, Panalpina is ready to take on a larger "transformational" acquisition, he says.

DSV expects more growth in 2019

Transport and logistics group DSV exits 2018 with an operating profit of USD 829 million, and the company expects continued growth in 2019. "We delivered a strong set of results for 2018," says CEO Jens Bjørn Andersen in the annual report.

Ceva expects growth in eventful year

Ceva Logistics, which has both been an acquisition target for DSV and CMA CGM, expects to boost revenue in 2018, which also saw significantly lower debt and an IPO.

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