DSV Delivers a Panalpina Deal That’s Largely About Scale — Panjiva
Más

Panjiva_research_logo

DSV Delivers a Panalpina Deal That’s Largely About Scale

Corp - Forwarders 157 Corp - Shipping 608 Global 722 Mergers 200 Mode - Seaborne 1273

Freight forwarder DSV has agreed to acquire Panalpina at an enterprise value of $4.6 billion based on Mar. 29 stock prices. The combined entity will be the ninth largest logistics company globally by revenue behind K+N and Bollore. The deal is driven by size which DSV sees as “one of the key competitive advantages” in the industry. The new company will the opportunity to cut costs. DSV’s EBITDA margin in 2018 was 7.9% to Panalpina’s 4.7%. The acquisition, which won’t complete until late 2019, will be subject to regulatory approvals. Its pricing power with container-lines may ...

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.