DSV kicks off in-depth UTI integration process

With Friday's large-scale acquisition, the work to merge Danish DSV and US-based UTI can now begin. A process which will take two-three years, says CEO Jens Bjørn Andersen, who will not rule out layoffs.

After several years of talks about performing acquisitions, the Danish transport and logistics company DSV finally completed a transaction when the company completed the takeover of US-based competitor UTI Worldwide on Friday. CEO Jens Bjørn Andersen has thus lived up to the strategy of taking part in the consolidation in the industry, which he describes as fragmented, and he also lives up to the expectations from the company's shareholders and investors. In other words, it was very important that DSV succeeded with the deal, which was signed with UTI back in October of 2015.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading