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Deux nouvelles acquisitions pour DSV et pour Kuehne & Nagel
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Two more acquisitions for DFDS and Kuehne & Nagel - Tuesday, June 08, 2004
"Two new acquisitions have been announced by European logistics companies, continuing the trend towards consolidation in the industry.
Danish based transport company DSV, owner of the DFDS group of companies, has increased its presence in the German road haulage market through the acquisition of BOES Spedition + Logistik GmbH. The company has annual revenues of €42m and employs 236 staff. The acquisition will more than double DFDS’ turnover in Germany to €77m and increases its headcount to 386. No financial details about the deal were revealed.
The move by DSV is part of its attempts to build scale in the highly competitive German market. However there may be other implications from the acquisition. BOES is part of the IDS network in Germany, which along with DFDS and Geodis are the key members of the Elix European network. In the past alliances within the freight industry have often been short lived as the larger members start acquiring the smaller ones in order to consolidate their control. This might suggest that further acquisitions with the network are on the cards.
Meanwhile Kuehne & Nagel has announced that it has acquired Dutch freight forwarder Nether Cargo Services in the Netherlands. The company is a specialist in perishable air freight and one of the market leaders in the country. In 2003 it had a turnover of €30m, 55 employees and handled 37,500 tonnes of air freight. According to management at Kuehne & Nagel, the acquisition marks part of its strategy to increase its presence in the niche perishables sector. Kuehne & Nagel has been one of the most acquisitive logistics companies so far this year, increasing its presence in the road freight , logistics and freight forwarding sectors."
Deux nouvelles acquisitions pour DSV et pour Kuehne & Nagel
______________________________________________________________
Two more acquisitions for DFDS and Kuehne & Nagel - Tuesday, June 08, 2004
"Two new acquisitions have been announced by European logistics companies, continuing the trend towards consolidation in the industry.
Danish based transport company DSV, owner of the DFDS group of companies, has increased its presence in the German road haulage market through the acquisition of BOES Spedition + Logistik GmbH. The company has annual revenues of €42m and employs 236 staff. The acquisition will more than double DFDS’ turnover in Germany to €77m and increases its headcount to 386. No financial details about the deal were revealed.
The move by DSV is part of its attempts to build scale in the highly competitive German market. However there may be other implications from the acquisition. BOES is part of the IDS network in Germany, which along with DFDS and Geodis are the key members of the Elix European network. In the past alliances within the freight industry have often been short lived as the larger members start acquiring the smaller ones in order to consolidate their control. This might suggest that further acquisitions with the network are on the cards.
Meanwhile Kuehne & Nagel has announced that it has acquired Dutch freight forwarder Nether Cargo Services in the Netherlands. The company is a specialist in perishable air freight and one of the market leaders in the country. In 2003 it had a turnover of €30m, 55 employees and handled 37,500 tonnes of air freight. According to management at Kuehne & Nagel, the acquisition marks part of its strategy to increase its presence in the niche perishables sector. Kuehne & Nagel has been one of the most acquisitive logistics companies so far this year, increasing its presence in the road freight , logistics and freight forwarding sectors."