Wrist's major acquisition forced its CEO to forget about the bottom line

The merger with Dutch acquisition Klevenberg did not go as planned for Wrist Ship Supply, so the new CEO Jens Holger Nielsen had to forget about the bottom line for a while. The company has now made it to the other side and eyes more acquisitions, he tells ShippingWatch.

BY TRINE VESTERGAARD

Published: 30.07.20 at 11:11

Things did not go according to plan when Wrist Ship Supply started integrating its large Dutch acquisition Klevenberg.

Problems with merging the two companies' IT systems meant that the company struggled to service its customers for almost two months. And when they finally did deliver, customers did not always receive the right goods.