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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 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.

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.

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.

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