DSV pads its wallet before making new purchases

Wow. It is only a few months since Danish 3PL DSV formally completed on its acquisition of US rival UTi Worldwide, but already the senior management in Copenhagen are beginning to look for new targets, according to this long feature piece by Danish online publication ShippingWatch. It charts the acquisitive history of the company – noting both its successes and failures – and, interestingly, notes that it appears more difficult to integrate smaller companies than larger corporates – largely due to the “huge transition for a small company to join DSV, where regulations are tighter”. Chief executive Jens Andersen says: “It can be incredibly hard and so we need to be better at preparing the seller for how things are. Otherwise we risk losing some of what we buy.”