DSV insiders hit back at Kuehne & DHL GF – got a 'pro integration' going
‘Talk is just talk’
It is easy to suggest that DSV could soon bulk up inorganically and, consequently, just as I noted in in my latest coverage, it’s easy to understand why M&A can be a powerful tool for the Danish forwarder.
However, identifying suitable combinations is more problematic. As there is a paucity of sizeable acquisitions that could quench its M&A thirst, how about instead an incredible twist in the ending of this corporate story, with DSV itself being targeted?
Deep throat
It all started last ...
Keep our news independent, by supporting The Loadstar
Four crew members still missing as Wan Hai 503 continues to burn
Explosions and 'out-of-control' fire reported on Wan Hai box ship
Carrier price hikes hold, driving spot rates higher as space gets scarcer
Crew forced to abandon ship in latest fire on vessel carrying EVs
The Loadstar Podcast | Transport Logistic and Air Cargo Europe 2025
Transpacific rates ease as capacity boost proves too much for trades to digest
MSC Elsa crew face criminal probe, as Wan Hai 503 firefighters battle on
Comment on this article
Michael Pruden
June 22, 2018 at 7:58 pmDo you know whether KWE might be a target?
And you think Panalpina might be too big for DSV?
Ale Pasetti
June 23, 2018 at 11:42 amHi Michael, thanks for your comment. I looked at Panalpina, too, and I don’t think it is too big for DSV. Also, in terms of market value, it’s a deal DSV could afford, but the controlling shareholders of PWTN are unlikely to bow if they are not offered a large stake in a combined entity. Unlikely. Most of the Japanese companies I cover (Nippon Ex, Hitachi TS, and KWE) have been looking around for some time, but again there aren’t many targets available. Specifically, KWE had a good 2017, with revenues up 16.6%, although projections are less impressive (it forecasts a 5.7% rise in sales and roughly 10% growth in operating profit. Its latest revised guidance, released on 11 May, is more bullish than implied in its original business plan announced in 2016). One to watch, but an unlikely target, IMO.