News / DSV vows to continue on acquisition trail as it celebrates rise in profits

Profits may be on the up for DSV, but in its full-year results presentation today, the forwarder maintained a silence on its attempt to acquire Panalpina.

Despite rejection of its $4.1bn bid for the Swiss operator, DSV said it would continue to pursue M&A activity.

Chief executive Jens Bjorn Andersen told shareholders: “This process has seen us get bigger and today we are much stronger as a result of our prior purchases.”

DSV group revenue surpassed Dkr79bn ($12bn) in 2018, up 6.8%, leading to ...