Comment / M&A radar: 3 targets for DSV Panalpina... why not 30? But only one stands out

For deal-making junkies, the most depressing side of the biggest logistics M&A story in October last year, when DSV was rejected by Ceva Logistics, was the dwindling number of targets left in the marketplace for the Danes.

On a quarterly call with analysts, I distinctively recall management’s defensive attitude at the time. As committed as ever, CEO Jens Bjørn Andersen and CFO Jens Lund were apparently so annoyed with some of the questions – one in particular hinting at a paucity ...