With the rebranding by global logistics and transportation giant DSV complete, the company has made it clear that it will be on the lookout for merger and acquisition opportunities after the takeover of Swiss supply chain solutions company, Panalpina, earlier this year.
“Once we’re 12-18 months into the integration of Panalpina, and we can affirm we’re on track, then I think we’ll start to talk about the possibility of boosting organic growth through another M&A. The industry is still very fragmented, and there’s lots of scope for further consolidation,” said Thomas Plenborg, new chairman of DSV Panalpina.
Plenborg, who replaced Kurt Larsen as chairman, said DSV would target larger acquisitions in the future, with the road sector the next most likely destination.
“When the road division’s new transport management system is fully developed and ready to scale, additions within this business area will be attractive for us. It’s all about increasing our network – within road as well,” said Plenborg.
Mitigating the risk factors in such a big takeover is always a cause for concern with stakeholders, but Plenborg reassured interested parties that his management team was more than capable of such an undertaking.
“It’s a very big and exciting task. It’s a huge company and a complex operation with many underlying processes.
“We have a very strong and stable management team, and they know what they’re doing. They have the raw leadership skills needed to integrate two companies in an efficient and pragmatic way,” he said.
