DSV purchase of Panalpina will create world’s fourth largest logistics firm

DSV truck

Global logistics provider DSV is to acquire Swiss rival Panalpina in a £3.51bn deal that will create the world’s fourth largest logistics company behind Deutsche Post DHL, Kuehne+Nagel and DB Schenker. Panalpina’s board has agreed to a revised offer described by chairman Peter Uber described as “very attractive.” The Panalpina board has recommended the deal to its shareholders. The acquisition will create a company with a revenue of around £13.55bn and  a workforce of 60,000 employees in 90 countries. DSV […]