DSV Panalpina is ready for business

DSV has completed the acquisition of Panalpina today (Monday 19 August), with the Danish forwarder changing its name to DSV Panalpina. The integration of the Danish and Swiss companies is expected to take two to three years, and combining the two will have a workforce of 60,000 employees in 90 countries. Kurt Kokhauge Larsen will […]

Panalpina board to resign, DSV to take over

All current members of Panalpina’s board of directors will resign as the settlement of the public exchange offer by DSV. At the Extraordinary General Meeting on 16 July, it will be proposed that four nominated executives from DSV are elected to Panalpina’s board of directors. Kurt Larsen will be elected member and chairman of the […]

Panalpina accepts CHF4.6b take over from DSV

DSV and Panalpina have agreed to join forces, with the Swiss firm accepting an offer of 4.6 billion Swiss francs (CHF). The public exchange offer to Panalpina shareholders has the support of those representing 69.9% of shares, including Ernst Goehner Foundation, Cevian and Artisan. If the exchange offer is successful, DSV and Panalpina will become […]