DSV Panalpina has wind in its sails

DSV Panalpina has formed a strategic partnership with wind turbine maker Vestas. The forwarder will execute and manage Vestas’ inbound and outbound general freight and special project transportation. It seeks to reap the advantages of combining DSV Panalpina’s global footprint with 60,000 employees in 90 countries and complete range of services across the entire supply chain, with Vestas’ volume and experience in special project transportation, delivering and installing more than ... [+]

DSV Panalpina moves to mitigate merger effects

The DSV Panalpina Group has told employees at the former Panalpina headquarters in Basel that overlapping corporate functions and positions will either be cut or relocated to the headquarters in Denmark, with up to 165 job losses. But at the same time, the company intends to expand its logistics footprint ... [+]

DSV completes Panalpina purchase

DSV has completed its acquisition of fellow forwarder Panalpina, following the settlement of the previously announced public exchange offer for all publicly held shares of Panalpina Kurt Kokhauge Larsen will be chairman of the merged company  and Jens Bjørn Andersen, Jens Lund and Thomas Stig Plenborg will be members of the ... [+]

Updated: Panalpina snubs DSV bid

Panalpina’s largest shareholder, the Ernst Goehner Foundation, which owns nearly 46 percent of the Swiss forwarder, has rejected an offer from rival DSV. Foundation board member Thomas Gutzwiller said on 4 February that Panalpina would be better served by its consolidator strategy “than the published non-binding purchase offer from DSV”. The ... [+]

DSV makes bid for Panalpina – updated

Danish-owned forwarder DSV says that it has made an indicative and private proposal to acquire fellow Swiss-headquartered Panalpina. It has offered 1.58 DSV shares and CHF 55 in cash for each Panalpina share which, based on closing prices on 11 January, is worth CHF 170 per share, which it says ... [+]

[aas_zone zone_id="13529"]