CEO Lund serves the 'secret sauce' in DSV's M&A success
From small acorns…
French contract logistics specialist ID Logistics saw group revenue increase by 10% last year to reach €1.53bn ($1.68bn), as its international operations took an increasing lion’s share of its business.
Full-year sales for its French division grew by 4.2% to reach €714.7m, while revenue from its international operations grew 15.5% to reach €819.5m, as it expanded its presence in continental European markets and made its first acquisition in the US.
The international growth also came despite the closure of its operations in ...
Comment on this article
Andreas Koût
January 28, 2020 at 2:38 pmby the way if not known to you
the ID Logistics subsidiary is a former ex Singapore Post company which went
insolvency so surely for ID Log a buy more on the cheaper side.
If this is the right approach to a booming e-commerce market like the US.
We wouldnt have done it this way up and prefered to buy an real etablished e-commerce player.
Once again this shows up that the french located companies are prefering
to buy cheap. Does this really make sense and brings what it is envisaged to?
More than doubts on this
regards
A.Kout
Team Akclimited
regards
A.Kout
Team Akclimited
Bruno Verlinden
January 29, 2020 at 10:59 pmAndreas, not sure which french companies buy more on the cheap side in your opinion but ID Logistics has the strategy to follow loyal customers to new countries and the move to the US was for sure a strategic wish but foremost the result of such a relation with Nespresso. ID Logistics has the know-how to transform this company into a growth engine and Nespresso knows very well why they supported this deal. Take care and kindness.