Conf call redux: Turning Schenker into DSV
Managing expectations
S&H's Hans Elshout and Peter van der Maas, DSV, sign the agreement
By Alex Lennane
DSV has expanded again by acquiring a Dutch e-commerce specialist.
It announced on Tuesday it had bought multichannel fulfilment specialist S&H, a company with some 120 employees.
It was likely to be priced at between $50m and $60m, based on The Loadstar’s calculations, which equates to up to 0.4% of DSV’s current market cap – so not exactly the big acquisition the market has been waiting for from DSV.
S&H will retain its independence as a standalone company, but under the name DSV Multi-channel Fulfilment.
It ...
Comment on this article
Aaron Smith
September 04, 2018 at 4:29 pmMoving up in the world. A company that aspires to be the best, it’s no surprise they will want to expand.
A.Kout
September 05, 2018 at 4:04 pmAre we used to such M*a deals by DSV- no for sure not -sizewise.
Iits even time now for a DSV to bake small rolls. Is this a learning-process they
have to go through we think yes.
Honestly speaking this is not what we expect from a DSV and we are sure
DSV investors too, they will ask when the 3.quartal results are published by video stream or whatever is this everything on M&A???
kindest regards
A.Kout