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DSV-Panalpina mastermind is named Air Cargo Executive of 2019

IN the aftermath of several difficult quarters when profit declines were exacerbated by overall market weakness and a drop in demand in some higher-yield verticals, DSV made a successful takeover bid of Swiss forwarder Panalpina

23 January 2020 - 19:00

IN the aftermath of several difficult quarters when profit declines were exacerbated by overall market weakness and a drop in demand in some higher-yield verticals, DSV made a successful takeover bid of Swiss forwarder Panalpina.

The man at the helm during DSV's bids for and acquisition of what he referred to as 'the highest quality' of all the companies DSV has acquired during its history was Jens Bjorn Andersen, then-CEO of DSV and current CEO of DSV Panalpina.



Mr Andersen's leadership of DSV through its acquisition of and merger with Panalpina led the readers and editors of New York's Air Cargo World to recognise him as the Air Cargo Executive of the Year for 2019.



Panalpina had originally rejected DSV's first takeover overtures and had entertained the idea of making its own major acquisition in Kuwaiti 3PL Agility Global Logistics.



DSV acquired the Swiss company for US$4.6 billion to create a new entity, DSV Panalpina A/S, that would become one of the largest logistics companies globally. The acquisition was wrapped up last August.


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