DSV (company)

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DSV

logo
legal form Corporation
ISIN DK0060079531
founding 1976
Seat Hedehusene , DenmarkDenmarkDenmark 
management Jens Bjørn Andersen ( CEO )
Jens H. Lund ( CFO )
Kurt K. Larsen ( Chairman )
Number of employees 47,394
sales 10.6 billion euros
Branch Transport / logistics
Website www.dsv.com
Status: 2018

DSV A / S is a transport and logistics company . Founded in 1976, DSV employs more than 47,000 people in more than 75 countries. DSV is listed in Nasdaq OMX Nordic and part of OMX Copenhagen 20 . DSV pursues an asset light business model : the actual transport operations are carried out by external service providers , while DSV itself does not own any ships or aircraft and only a limited number of trucks.

Company history

DSV was founded in 1976 by Leif Tullberg and nine independent freight forwarders under the full name “DSV, De Sammensluttede Vognmænd af 13-7 1976 A / S” (Danish for “The merged wagoners of July 13, 1976”). The company has been listed in the OMX Copenhagen 20 share index on the Copenhagen Stock Exchange since 1987 . Actually, the merger was only intended to act as a haulage company on behalf of the freight forwarders involved. This changed in 1989 when DSV expanded into the international market by purchasing two competing export companies - Borup Autotransport A / S and Hammerbro A / S.

From the late 1990s onwards, DSV began to steadily expand its market position through investments in other companies, but above all through the purchase of competitors. The acquisition of Samson Transport Co. A / S tripled the transport and logistics activities of DSV in 1997. A further quadrupling was generated by the acquisition of DFDS Dan Transport Group A / S in 2000, with which DSV established itself in the global market. In 2001, DSV introduced a division into three corporate divisions for land transport, air and sea freight as well as supply chain and warehouse logistics, whereby the transport activities continued to operate under the name DFDS Transport , which was used after the takeover of DFDS Dan Transport Group A / S. The main company kept its original name until it was officially shortened to "DSV A / S" in 2003.

In 2005 DSV integrated the Bremen logistics company JH Bachmann into its air and sea freight division. In the same year Leif Tullberg switched to the supervisory board. Kurt K. Larsen, who joined DSV in the course of the merger with Borup Auto Transport in 1989 and has since acted as CEO together with Tullberg , became the sole company director. With the acquisition of Koninklijke Frans Maas Groep NV in 2006, DSV became the third largest transport company with its own road transport network in Europe. In order to take account of the growth and to establish a logical connection with the main company, the name DFDS Transport was dropped in 2007 . Since then, the company's divisions have been DSV Road , DSV Air & Sea and DSV Solutions . In 2008, the head of the road transport division, Jens Bjørn Andersen, was appointed CEO, while Kurt K. Larsen took over the chairmanship of the supervisory board. DSV continues to strive to expand its business areas through acquisitions in order to build up a global logistics network. In 2015, the company moved its headquarters from Brøndby to Hedehusene, a few kilometers away.

In 2016, DSV took over the global logistics service provider UTi Worldwide , which employed around 23,000 people in 58 countries. As a result, the workforce of the company doubled and DSV became the fifth largest transport and logistics company in the world in terms of company sales behind DHL , Kuehne + Nagel , Schenker and CH Robinson . In 2017, DSV had a market share of around 2%.

Significant acquisitions

  • 1989: With the acquisition of Borup Auto Transport A / S and Hammerbro A / S , DSV expands beyond Denmark.
  • 1997: The acquisition of Samson Transport Co. A / S triples logistics activities.
  • 2000: The acquisition of DFDS Dan Transport Group A / S expands the road activities in Northern Europe and establishes DSV as an international logistics company with air connections in the USA, Asia and the Pacific.
  • 2005: With the integration of JH Bachmann , DSV strengthens its air and sea freight activities.
  • 2006: With the acquisition of the Dutch Koninklijke Frans Maas Groep NV , DSV expands its road network beyond Scandinavia to all of Europe.
  • 2008: The acquisition of ABX Logistics strengthens DSV's market position in Europe.
  • 2012: After DSV entered into a joint venture with the INKAS Group of Companies to establish the logistics network in South America in 2009 , DSV buys the remaining 60% and becomes the sole owner of DSV-GL Latin America SA
  • 2016: The integration of UTi Worldwide makes DSV the fifth largest logistics company in the world.
  • 2019: Acquisition of the Swiss transport and logistics service provider Panalpina (implemented after it initially threatened to fail due to resistance from Panalpina's major shareholder Ernst Göhner Foundation)

subsidiary company

DSV operates more than 300 subsidiaries worldwide, with around 150 the vast majority of them in Europe.

Subsidiary in Germany

  • DSV Air & Sea GmbH (formerly JH Bachmann )
  • UTi Logistik Deutschland GmbH - Hungary Branch
  • DSV Solutions Group GmbH
  • DSV Solutions GmbH
  • DSV Stuttgart GmbH & Co. KG (formerly Erwin Steinle Internationale Spedition GmbH & Co. KG )
  • DSV Stuttgart Verwaltung GmbH
  • Administration & Accounting Service GmbH
  • DSV Road GmbH
  • DSV Immobilien GmbH
  • DSV Real Estate Bochum ApS & Co. KG
  • DSV Real Estate Peine ApS & Co. KG

Subsidiary in Austria

  • DSV Austria Spedition GmbH

Subsidiary in Switzerland

  • DSV Logistics SA

Individual evidence

  1. ↑ a b Annual Report 2018 ( English , PDF) dsv.com. Retrieved March 2, 2019.
  2. ↑ 2013 Annual Report ( English , PDF, 5.61 MB) DSV A / S . S. February 6, 2014. Accessed on January 29, 2016: “We have an asset light business model. The actual transport operations are outsourced and we do not own any ships, planes and only a limited number of trucks and trailers. "
  3. ↑ Fuldstændigt ualmindelig ( Danish ) Berlingske Media . January 2, 2004. Retrieved January 28, 2016.
  4. ↑ DSV overtime ( English ) DSV A / S . Archived from the original on June 12, 2017. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 29, 2017. @1@ 2Template: Webachiv / IABot / www.dsv.com
  5. ↑ The history behind the name DSV ( English ) DSV A / S . Archived from the original on July 6, 2017. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 29, 2017. @1@ 2Template: Webachiv / IABot / www.dsv.com
  6. ↑ 2009 Annual Report ( English , PDF, 1.88 MB) DSV A / S . P. 74. March 4, 2010. Accessed on January 28, 2016: "The company operated as a cartage department for the owners and only handled contracting haulage and deliveries."
  7. ↑ a b c Milestones ( English ) DSV A / S . Archived from the original on October 30, 2017. Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 29, 2017. @1@ 2Template: Webachiv / IABot / www.dsv.com
  8. ↑ Executive Management of DSV A / S ( English ) DSV A / S . P. 2. Retrieved January 28, 2016.
  9. ↑ Torsten Buchholz: DFDS Transport becomes DSV . Transport, the newspaper for freight transport . January 15, 2007. Retrieved January 29, 2016.
  10. ↑ The history behind the name DSV ( English ) DSV A / S . Archived from the original on July 6, 2017. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved January 28, 2016: “In 2003 the parent company shortened its name to DSV A / S, and in 2007 the activities went through a name change from DFDS Transport to DSV. This step was taken in order to mark a new and joint beginning after the acquisition of Frans Maas in 2006. Furthermore, it minimizes confusion and creates a more logical association between the name of the parent company and its activities. " @1@ 2Template: Webachiv / IABot / www.dsv.com
  11. ↑ Executive Management of DSV A / S ( English ) DSV A / S . P. 1f. Retrieved January 28, 2016.
  12. ↑ DSV global headquarters officially inaugurated - by HRH Prince Henrik of Denmark ( English ) DSV A / S . May 29, 2015. Retrieved January 28, 2016.
  13. ↑ 2016 Annual Report ( English , PDF, 5.0 MB) DSV A / S . S. February 14th, 10th 2017. Retrieved October 29th, 2017.
  14. ↑ Ole Mikkelsen: Denmark's DSV to buy UTi for $ 1.35 billion to boost global reach ( English ) REUTERS . October 9, 2015. Retrieved January 29, 2016.
  15. ↑ Mega deal: DSV buys UTi for 1.19 billion euros . Traffic review . October 9, 2015. Retrieved January 29, 2016.
  16. ↑ UTi Receives Final Required Antitrust Clearance for Merger With DSV ( English ) GlobeNewswire . January 20, 2016. Retrieved January 29, 2016.
  17. ↑ 2016 Annual Report ( English , PDF, 5.0 MB) DSV A / S . S. 8 February 10, 2017. Accessed October 29, 2017.
  18. ↑ 2017 Annual Report ( English , PDF, 5.61 MB) DSV A / S . P. February 8, 2018. Accessed February 9, 2018.
  19. ↑ 3i sells ABX LOGISTICS to DSV after transformation ( English ) 3i . June 23, 2008. Archived from the original on January 29, 2016. Retrieved on January 29, 2016.
  20. ↑ DSV to Buy Panalpina in $ 4.6 Billion European Logistics Deal. In: bloomberg.com. April 1, 2019, accessed on February 23, 2020 .
  21. ↑ 2017 Annual Report ( English , PDF, 5.61 MB) DSV A / S . P. 82ff. February 8, 2018. Retrieved February 9, 2018.
  22. ↑ E.-H. Arndt: "We are DSV, but Bachmann is in there" . In: LOGISTICS PILOT, magazine for business and transport . No. 1 , 2007, p. 24 f . ( transportpress.de [PDF]).
  23. ↑ Logistician DSV wants to go to Vaihingen . Vaihinger district newspaper. October 26, 2007. Accessed on January 28, 2016: “The international freight forwarders Erwin Steinle (Schwieberdingen), Transitas (Kehl) and Frans Maas Germany have merged into the DSV Road company. The Schwieberdingen location operates under the name DSV Stuttgart GmbH & Co. KG. "