Viking Ironclad Age

Analysis: Kuehne versus Kuehne just as the Danes close in…

Mark 22 October on your calendar: Kuehne + Nagel (K+N) opens the earnings season for freight forwarders with its third-quarter (Q3) and nine-month (9M) results.
For the first time since I have started coverage, it won’t be preceded by its smaller domestic rival, Panalpina – which is now owned by DSV, whose trading update is due on 1 November – so it will set the tone for all others.
Lucky K+N? Maybe.
K+N vs …

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https://theloadstar.com/analysis-kuehne-versus-kuehne-just-as-the-danes-close-in/

M&A radar: DSV Panalpina – here is the ‘management structure of regional functions’ in APAC

On Friday last week, DSV internally announced one bit of news in APAC that, if we were ever to run a video series on the matter, would probably take less than five seconds to paint the picture of what the Danes are trying to achieve.
In my private conversations, I labelled DSV Panalpina’s latest “appointment of management of regional functions in air & sea division, Asia Pacific” (it has not been …

The post M&A radar: DSV Panalpina – here is the ‘management structure of regional functions’ in...

https://theloadstar.com/ma-radar-dsv-panalpina-here-is-the-management-structure-of-regional-functions-in-apac/

M&A radar: DSV Panalpina – APAC leadership by country revealed…

…and so, as widely expected by our Premium readers, the organisational structure of DSV Panalpina in APAC has now been announced.
The great news?
While I hear that more cuts are happening in North America, specifically in Canada*, some peripheral countries in Asia – where many changes have already taken place thanks to a rationalisation push – are sweet spots for the PAN folks who stayed.
(*Market rumours have it that the “Vancouver …

The post M&A radar: DSV Panalpina – APAC leadership by...

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M&A radar: DSV Panalpina – Asia MDs announcement imminent

Just one day ahead of the extraordinary general meeting of DSV to be held in Hedehusene, several more details have emerged concerning the resulting MDs structure of the DSV Panalpina group in Asia, particularly with regard to those PAN employees who are set to leave the family.
The latest news confirms once again the supremacy of DSV’s business model when it comes to deciding who stays and who goes after the …

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https://theloadstar.com/ma-radar-dsv-panalpina-asia-mds-announcement-imminent/

M&A radar: DSV Panalpina – two more prominent PAN heads ‘fired’ as DSV’s superior model prevails

The hammering was to be expected ever since the very early days of the DSV Panalpina integration – the start of which I labelled as the Viking Ironclad Age, Part IV.
Two prominent Panalpina (PAN) heads who played crucial roles in the PAN centralised matrix structure, have been “fired”, according to my trade sources.
Empowerment by DSV rules these days, naturally.
Focus: jobs and growth creation
Before the fireworks on Tuesday (more below), I …

The post M&A radar: DSV Panalpina – two more...

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M&A radar: DSV & Panalpina combined – here is the ‘air & sea regional management team’

“The recurrent themes are that at PAN morale is low because of the Swiss forwarder’s poor performance – which, incidentally, was confirmed (…) when it released its interim results. Over at DSV, employees – apart from one in America who believes he works for a German company – frequently say their careers are limited by, well, not being Danish.” – Mike Weir, Loadstar Premium, “You don’t have to be Danish to …

The post M&A radar: DSV & Panalpina combined – here is the ‘air & sea regional...

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M&A radar: DSV Panalpina – fear the boomerang effect on key accounts from top staff negotiations

In M&A, one rule of thumb is that there are no written rules of engagement when it comes to financial targets being met.
So I did my best to ignore the ongoing negotiations between DSV management and key Panalpina (PAN) staff about contracts, money and even severance packages. But this is a crucial point in the early days of integration between the two logistics providers and will be central for the …

The post M&A radar: DSV Panalpina – fear the boomerang effect on key accounts from top staff...

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M&A radar: DSV Panalpina – bits and pieces after ‘the biggest dip on red day’

I was bombarded yesterday when DSV stock plunged over 5% to Dkr645 at one point during the trading session, but its later strength and today’s action – we are back up to Dkr662 – suggest the weakness might be just a one-off event.
“It’s minus Dkr38 a share” for the day, one outsider pointed out, sharing the screengrab below.

Now we are back “from Dkr645.40 to Dkr653” he later added, while another …

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M&A radar: DSV – new details leaked: Africa MDs named, IT leadership to be announced today

Here is a quick and dirty update on the DSV Panalpina deal integration story as additional details were leaked from insiders following our Premium coverage on Monday.
As you know, the two remaining big areas of influence for the combined entity – Europe and Asia – are next in the organisational pipeline and will likely be sorted by the end of this month ahead of deadline, with several sources indicating that …

The post M&A radar: DSV – new details leaked: Africa MDs named, IT leadership to be...

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