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Danish transportkæmpe offers 26,5 billion dollars for competitor

The Danish transportkæmpe DSV has welcomed 26,5 billion for the competitor Panalpina of Switzerland. It writes the Panalpina on its website.

DSV has long had an extremely successful strategy, where the big competitors are being bought up and integrated into the company.

- As part of its duties considering the board of directors of Panalpina now tender along with professional advisers, writes Panalpina on its website.

the Tender in the local currency) reads the bid of four billion swiss francs or 170 francs per share. It is laid as a mixture of cash and shares.

Panalpina has 14,000 employees and is present in 70 countries. In 2017, the company had an operating profit (EBIT) 103,3 million swiss francs.

Tuesday cost share in the company 137 of the swiss franc by børslukketid, and the current bid prices on the 170 swiss francs corresponds to the payment of a premium of 24,1 percent.

Last year tried the DSV at two laps to buy the competitor Ceva Logistics - no luck.

The last major acquisition of DSV's hand was us UTi in 2015 for nine million dollars, but already in the beginning of 2018 was the merger so much space that the DSV announced that it was ready for new acquisitions.

It came to pass after the financial statements for 2017, when revenue landed at 74,9 billion and net profit rose to three billion dollars. At the same time, the number of employees increased to more than 48,000.

- After to have put the integration of the UTi behind us, we can now concentrate on developing the DSV, and we expect up to 11% growth in earnings in 2018.

- Buying is still on the agenda, and we will continue to be on the lookout for relevant opportunities, wrote DSV ceo Jens Bjørn Andersen in a press release at the time.

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