Asia Beckons as DSV Looks Ahead to Next Round of Forwarder Consolidation — Panjiva


Asia Beckons as DSV Looks Ahead to Next Round of Forwarder Consolidation

Corp - Forwarders 157 Global 723 Mergers 200 Mode - Seaborne 1275

Freight forwarder DSV has been assigned a BBB+ credit rating by S&P Global Ratings, while CFO Jens Lund has indicated that could make it easier to refinance acquisitions. Corporate M&A activity in the forwarder sector has focused more on bolt-on deals than larger deals this year.  DSV’s slower revenue expansion (just 3% in 2Q) and middling volume growth (U.S. seaborne inbound shipments grew 5% in the three months to August 31 on a year earlier) may lead it to consider opportunities for investment-led growth. One gap in its business mix can be seen in its Transpacific marine op...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.