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

February 7, 2019 Alexander Whiteman

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 ...

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