DSV: No global wave of acquisitions

There are no signs indicating that the global logistics industry is entering a consolidation phase, says DSV CEO Jens Bjørn Andersen in an interview with ShippingWatch. He rejects the notion that he should be under pressure to make a big acquisition.

In spite of the fact that large parts of the international logistics industry, freight forwarders, have been through a long rough period over the past 5-6 years, talk of consolidation has been absent. And right now there is nothing to indicate that the industry is facing any big wave of acquisitions and corporate takeovers in the coming years, Jens Bjørn Andersen, CEO of Danish DSV, tells ShippingWatch.

"We have not seen any significant development unfortunately. A major part of the explanation is that logistics companies for the most part are an asset light industry that delivers a solid cash flow and doesn't need big investments, something can force asset heavy industries into a phase of consolidation. Even during a tough period, like the logistics industry has just been through, most have been able to generate an adequate cash flow and thereby keep their head above water."

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