ShippingWatch

DSV has more acquisitions on the drawing board

DSV is now eyeing possible acquisitions in the Air & Sea division. This follows Wednesday’s acquisition of the competitor Ontime Logistics, says IR director Flemming Ole Nielsen to ShippingWatch.

Today, the logistics group DSV announced its acquisition of the Nordic competitor Ontime Logistics in the company’s road division. And DSV has more acquisitions on the drawing board, says IR director Flemming Ole Nielsen to ShippingWatch:

“We have stated that we would very much like to make acquisitions within Air & Sea which is our second major division. Within that division, we could make acquisitions in Europe, USA, and Asia, so it is more global. We always have a pipeline of possible transactions we are considering,” says Nielsen.

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