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DHL chief executive doubts corona crisis will cause wave of acquisitions

DHL's chief executive Tim Scharwath does not think the industry will see any more acquisitions in the wake of the coronavirus crisis. It takes stability to make acquisitions, he points out. Competitors such as Maersk and NTG have otherwise predicted lower prices of potential acquisition targets.

Tim Scharwath, CEO of DHL Freight Forwarding, does not expect to more mergers and acquisitions in the wake of the coronavirus crisis. | Photo: PR / DHL

The coronavirus crisis will not launch a wave of acquisitions in the logistics sector, assesses Tim Scharwath, CEO of the world's largest logistics company, DHL Global Forwarding, in an interview with ShippingWatch.

The very fragmented logistics industry has otherwise seen quite a few acquisitions in recent years with major transactions such as DSV's acquisition of Panalpina and CMA CGM's acquisition of Ceva drawing headlines.

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