DSV (company)

DSV A/S
Aktieselskab
Traded as Nasdaq Copenhagen: DSV
Industry Transport and logistics
Founded 1976
Headquarters Hedehusene, Denmark
Key people
 Jens Bjørn Andersen (CEO), Kurt K. Larsen (Chairman of the supervisory board)
Services Road transport, freight forwarding, contract logistics
Revenue DKK 74.901 billion (2017)
DKK 4.878 billion (2017)
DKK 3.012 billion (2017)
Total assets DKK 38.388 billion (2017)
Total equity DKK 14.835 billion (2017)
Number of employees
 45,000 (FTE, end 2017)
Divisions Road, Air & Sea, Solutions
Website www.dsv.com
Footnotes / references
investor.dsv.com

DSV A/S is a Danish transport and logistics company offering transport services worldwide by road, air, sea and train. Since its foundation in 1976 by nine independent Danish hauliers, the company has achieved rapid expansion and international presence, predominantly through a series of strategic competitor acquisitions, some of the most important ones being Samson Transport (1997), DFDS Dan Transport Group (2000), J.H.Bachmann (2004), Frans Maas (2006), ABX LOGISTICS 2008).[1] In October 2015 DSV signed an agreement to acquire UTi Worldwide, Inc. (2015).[2] The deal was closed in January 2016.[1]

With headquarters in Hedehusene (near Copenhagen), Denmark, and offices in more than 80 countries, DSV employs 45,000 people and collaborates with partners and agents worldwide.[1] DSV is listed on NASDAQ OMX Copenhagen (Copenhagen Stock Exchange) and included in the OMXC25 index as one of the 25 most traded stocks.[3]

The company is structured in three divisions, Road, Air & Sea and Solutions. Its main activities lie within road transport (trucking) networks in Europe, North America and South Africa, and its global air and sea freight forwarding business. The group also has a growing contract logistics business.[4] As part of an asset-light financial strategy to maintain fixed costs at a minimum and be able to quickly respond to market fluctuations, DSV does not own any ships or aeroplanes and only a relatively small number of trucks and trailers.[1]

Jens Bjørn Andersen became CEO in August 2008. In 2017 DSV reported a net revenue of Euro 10,067 million.[1]

History

In 1976 Leif Tullberg and nine independent haulers established DSV, an acronym for “De Sammensluttede Vognmænd af 13-7 1976 A/S” (The Joint Hauliers of 13-7 1976).[5] Leif Tullberg remained CEO until his retirement in 2005. During the first decade the company mainly functioned as a cartage department for the owners, handling contracting haulage and deliveries.[5]

Seeking a foothold on the international market, DSV bought two competing export companies in 1989, Borup Autotransport A/S and Hammerbro A/S-Bech Trans. Next acquisitions on the road to European operations were Samson Transport Co. A/S in 1997 and Svex Group A/S in 1999.[5]

The purchase of the DFDS Dan Transport Group in 2000 provided DSV with important road transport services in Scandinavia, the UK, the Baltics and Europe plus a global network and logistics set-up with a key position within airfreight and overseas transport to the US and Asia Pacific markets.[5] The purchase of J.H. Bachmann in 2005 reinforced the position within international air and sea transport.

The acquisition of the Dutch Frans Maas Group in 2006 placed DSV as a Pan-European road transport and logistics supplier – and one of the three largest in Europe.[6] With the acquisition of ABX LOGISTICS in 2008, DSV has also gained presence in South America and is now represented on all continents.[5] With the most recent acquisition of UTi Worldwide, Inc.,[1] DSV became the world's fourth largest transport and logistics company).[1]

Company name

When in 2000 DSV A/S acquired DFDS Dan Transport Group A/S, the new joint company’s activities continued under the name DFDS Transport, while the parent company remained De Sammensluttede Vognmænd (UNITED HAULIERS in English) af 13-7 1976 A/S, in 2003 formally shortened to DSV A/S.[5]

Following the purchase of Frans Maas in 2006, the transport activities changed name from DFDS Transport to DSV, in order to create a unified global brand as well as to minimize confusion.

References

  1. 1 2 3 4 5 6 7 "Global Transport and Logistics - DSV". dsv.com.
  2. ↑ "Business.dk".
  3. ↑ "Index info - NASDAQ OMX NORDIC". nasdaqomxnordic.com.
  4. ↑ "DSV and FRANS MAAS confirm their intend to merge -". shippingline.biz.
  5. 1 2 3 4 5 6 "Annual Report 2009" (PDF). DSV. Retrieved 2010-03-31.
  6. ↑ "eft - Supply Chain & Logistics Business Intelligence". eyefortransport.com.

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