News / 'Exceptional profitability' from forwarding in 2015, but now DSV faces the bill for UTi integration

Danish 3PL DSV says it faces integration costs of Dkr1.5bn (US$226m) following the recently completed acquisition of US forwarder and contract logistics provider UTi Worldwide.

However, it believes that over the next three years it will recoup that expenditure through cost savings.

Announcing DSV’s full-year 2015 results in Copenhagen this morning, chief financial officer Jens Lund said there was likely to be greater time lag than usual for the takeover to be accretive to DSV’s figures.

“Normally you would see synergies from a takeover after three-to-six months, but in ...