DSV Succession Plan Brings Changes

Global freight forwarder DSV reported changes to its executive board and group executive committee, as part of its long-term succession planning.Jens H. Lund, current group COO and vice CEO of DSV A/S, has assumed the role of group CEO, while Jens Bjørn Andersen steps down after more than 15 years leading the DSV Group.Brian Ejsing has been appointed group COO of DSV A/S, will join the executive board. Ejsing has ... [+]

DSV reports strong results for 2022

DSV delivered a strong result for 2022, driven by good performance across all our business areas. In 2022, gross profit increased by 33%, while EBIT before special items grew by 48% and adjusted free cash flow more than doubled compared to 2021.  Air & Sea achieved a 53% increase in EBIT ... [+]

DSV recognition for AFCOM

Afcom Cargo, an International dedicated cargo airline headquartered in Chennai, has been recognized as “Valuable Business Partner” in Southern region by DSV Air & Sea Private Limited, a global transport and logistics company. Kochat Narendran, COO, Afcom Holdings Private Limited received the prestigious award on behalf of his organization from Pratul ... [+]

DSV to become world’s largest forwarder with Agility acquisition

Agility and DSV have reached an agreement that DSV will acquire Agility's stand-alone GIL business in an all-share transaction. DSV will issue 19,304,348 shares, representing approximately 8.0% of all post-transaction outstanding shares of DSV. Based on the DSV share closing price of DKK 1,299.5, and an exchange rate of DKK ... [+]

Panalpina and DSV agree to join forces

DSV announced on April 1st that the company is acquiring Panalpina by way of a public exchange offer to all Panalpina shareholders. If the offer is successful, DSV and Panalpina will become one of the world’s largest transport and logistics companies with a pro forma revenue of approximately DKK 118 billion ... [+]

CEVA Logistics confirms having received a non-binding letter of interest from DSV

The Board of Directors of CEVA Logistics AG confirms having received a non-binding letter of interest with an indicative offer price of CHF 30 per share by DSV at the end of last week. The Board of Directors has been analyzing, with the support of its advisors, diligently and seriously ... [+]

DSV buys UTi

Danish forwarder DSV is to acquire US-owned UTi, for about US$1.35 billion, or $7.10 in cash per ordinary share. Talk in the market has been circulating for some time that Uti was looking for a buyer, with DSV named as the likely suitor. DSV says the move will considerably strengthen its ... [+]

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