DSV and Panalpina continue working independently for the time being

DSV is investing around EUR 4.1 billion into the acquisition of the global transport and logistics group Panalpina

DSV and Panalpina continue working independently for the time being Bild: DSV-Air-Sea

Only few specific details were brought to light by a telephone conference about the planned merger of DSV and Panalpina, on which the OEVZ has reported in its Extra newsletter yesterday. The merger will create one of the world’s largest transport and logistics companies with full service for customers.

Both, DSV’s CEO Jens Bjørn Andersen and Panalpina’s CEO Stefan Karlen pointed out in the conference call that the planned transaction was still subject to the necessary approvals and they were therefore still obliged to remain silent about a lot of questions. Both expect the transaction to close in the second half of 2019. Until then, DSV and Panalpina will handle their day-to-day business as usual and independently.

The future “DSV Panalpina A/S” will generate annual sales of around EUR 15.8 billion with 60,000 employees in 90 countries. DSV’s CEO Jens Bjørn Andersen emphasised on Panalpina’s strong position in global air and sea freight forwarding as well as selected verticals. This fits well with the offer of his company “which is rooted in land transport and which has systematically expanded its portfolio since its founding in 1976”.

“DSV Panalpina A/S” wants to offer full-range supply chain solutions in the future, and better meet the expectations and requirements to a single source service provider. Moreover they have extensive experience in selected industrial sectors and a focus on long-term customer relationships, whereby the employees of the new logistics giant will continue to play an key role, as Jens Bjørn Andersen underlined.

www.dsv.com; www.panalpina.com