DSV chief reticent on Schenker: the focus on growing market share
DSV focused on gains in market share, organic growth and making investors confident in its ...
Another day, another bit of M&A. Today’s news is that the UK’s Cardinal Global Logistics has made a “strategic investment” in Australia’s Seabridge to boost its presence in Australia and New Zealand and support trade links with Asia. Cardinal has worked with Seabridge for the past five years. The Australian forwarder has five domestic locations and opened in Auckland last year.
Brian Hay, Cardinal group CEO, said it had only bought one company in its history, 20 years ago. “Delighted to have got this one over the line,” he said. The Business Desk reports.
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