1. If you go fishing, you want to catch the big fish, 'DSV's CEO said in a recent interview, although Jens Bj ø rn Andersen declined to comment on Reuters' recent report that DSV is now turning its attention to C H. Robinson Worldwide Inc.'s global freight forwarding department. C. H. Robinson's overall revenue exceeded $23 billion last year and its market value exceeded $14.6 billion.

2. The Wall Street Journal recently reported that DSV A/S is seeking more business in the United States as the acquisition focused freight forwarder is consolidating its strength in the world's largest supply chain company. DSV has always been one of the most proactive companies in the shipping and logistics industry, perhaps not one, acquiring and integrating peers in highly dispersed markets to leverage its scale advantage to manage the supply chain behind more global trade.

3. DSV CEO Jens Bj ø rn Andersen, although he declined to comment on recent reports from Reuters, made it clear in an interview with DSV headquarters outside Copenhagen this month that DSV is ambitious and the US market is the main target. And, as he said, 'If you go fishing, you want to catch the big fish,'.

4. The Crazy DSV itself was created in a merger, created in 1976 by business representative Leif Tullberg and nine independent small truck companies. Initially, limited to local markets, undertaking domestic contract transportation and delivery services. Subsequently, with this acquisition gene, we continuously expanded our territory.

5. The current CEO is Jens Bj ø rn Andersen, who is 56 years old and became CEO in 2008. DSV has grown from the world's tenth largest freight forwarding company with revenue of $7.6 billion in 2010 to the third largest freight forwarding company in the industry through a series of acquisitions worth billions of dollars, with revenue of $29 billion last year. Kuehne+Nagel International AG, headquartered in Switzerland, and DHL Supply Chain&Global Forwarding, under Deutsche Post DHL, respectively ranked first and second.

6. In 2016, DSV acquired UTi Worldwide Inc., a contract logistics expert headquartered in the United States, for $1.35 billion, with the largest business share in Europe, the Middle East, and Africa, pushing its growth strategy to a higher stage. It acquired Agility Global Integrated Logistics for approximately $4 billion in 2021, further expanding its influence in Asia Pacific and the Middle East. This transaction has added 17000 Agility employees from over 50 countries/regions to DSV's payroll. The biggest and perhaps boldest transaction of DSV occurred in 2019 when it acquired Panalpina, a Swiss logistics company that was one of the world's top ten shipping and air freight companies, with a corporate value of approximately $5.5 billion.

Sorting out the earliest tracking reports of the shipping industry at that time, it still looks exciting, nothing is impossible, reality is more exciting than screenwriting. Multi party bidding includes the presence of the Chinese side, mergers and acquisitions, capital struggles, employee voices, and two years of entanglement among the three parties, all of which are under the jurisdiction of DSV. At the time of the acquisition, the names of both parties were left, and only four months later, the acquired brand was removed and all of them were integrated into DSV.

On November 25th, 2018, Reuters reported that Dexun is interested in acquiring Pan Asia Banana!

On January 16, 2019, DSV officially bid for Panalpina

2019-02-03 Painful Pan Asia Banna may be announced to be acquired during the Spring Festival, and employees are building their own websites to call for independence and survival!

On February 4th, 2019, Pan Asia Banna rejected DSV's current acquisition plan. In the next analysis, who is the next?

On February 15, 2019, Pan Asia Banna confirmed its merger and acquisition negotiations with Agility and rejected DSV, which was like a love story!

On February 23, 2019, Chinese companies joined Agility, Pan Asia Banana, and DSV acquisition drama

2019-02-26 Pan Asian Banna Control War

Today, February 28th, 2019, may be the last annual report of Pan Asia Banna

2019-04-01 Finale! DSV Merge Pan Asia Banna! Renaming DSV Panalpina A/S! Will change the industry landscape!

From today on August 19th, 2019, there will be no Pan Asian Banna brand, and the global freight forwarding pattern will trend after the new DSV

7. The number of employees at DSV has increased by approximately 61% in the past four years, reaching 76000. We are one of the largest companies in the world, 'Andersen said,' but we are very humble about it. Our market share is still below 5%. 'Like many of our peers, DSV sees signs of weakness in the freight market. It recently predicted that profits in the second half of 2022 will be lower than those in the first half.

8. DSV stated that they are prepared for the downward cycle and pointed out that they will not be burdened like shipping companies with significant capital costs.

9. Two months ago, on June 17, 2022, DSV was interested in acquiring C H. Robinson's global freight forwarding department could reach up to $9 billion! At that time, Morgan Stanley analyst Ravi Shanker stated that selling freight forwarding business would deviate from C H. Robinson's long-term strategy, 'but given the recent interest of aggressive investors in the company, this is not entirely surprising. Ravi Shanker added, 'Earlier this year, when Ancora was announced as a strategic investor for C.H. Robinson, we noticed that potential spinoffs and sales of freight may be one of the financial solutions attempting to quickly unleash value. CHR management has long expressed their belief that North American ground transportation and global freight operations belong to the same industry, but perhaps the involvement of strategic investors has driven a change in mindset. Under appropriate conditions, reaching a potential agreement is logical and meaningful for both parties. We see opportunities and risks in the future

10. DSV and C H. Robinson did not comment on this.

Source: Most Shipping