Following DSV Panalpina's acquisition of South African courier business Globeflight on Thursday, the transport and logistics major's strategy is applauded by Swedish investment bank Handelsbanken.

"We are big fans of the strong rationale behind DSV Panalpina's strategy to gain organic market shares by utilizing economies of scale to be able to offer competitive prices and quality, while the generated cash flows are used to buy back low risk shares or to make value accretive acquisitions with a focus on integration the purchased companies into DSV Panalpina's superior corporate platform," writes Handelsbanken in an update.