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DSV Q3 Adjusted EBIT At DKK 1.79 Billion
DSV Announces Plans For Panalpina Headquarters
DSV: Appetite For Growth Through M&A To Remain
DSV Panalpina A/S, formerly DSV A/S, is a Denmark-based company engaged in the provision of transport and logistics services. The Company’s operations are divided into three business areas. The Air and Sea business area specializes in the handling of air and sea freight to destinations around the world. The Road business area offers transportation of full, part and group loads by road across Europe, the United States and South Africa. The Solutions business area specializes in logistics solutions across the entire supply chain, from design through freight management, customs clearance, warehousing and distribution to information management and e-business support. The Company is active in more than 75 countries in Europe, the Middle Ease, the Americas, Asia, Africa, Australia and the Pacific, and operates through numerous subsidiaries.
Thomas Stig Plenborg
Chairman of the Board
Jens Bjoern Andersen
Chief Executive Officer, Member of the Executive Board
Deputy Chairman of the Board
Jens H. Lund
Chief Financial Officer, Member of the Executive Board
Group Chief Information Officer
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Swiss logistics group Panalpina has bowed to an increased 4.6 billion Swiss francs ($4.6 billion) bid from Danish rival DSV, ending a more than two month takeover battle designed to build scale in the consolidating transport sector.
Danish logistics group DSV A/S sweetened its offer for Panalpina to $4.3 billion, with a tug of war escalating on Friday over the Swiss company as it weighs a separate deal with Kuwait's Agility Group.
Danish freight forwarder DSV <DSV.CO> will invest more to meet rising demand for services such as e-commerce and address competition from new players including Amazon.com <AMZN.O> which is seeking a greater role in the logistics supply chain.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.