DSV readies itself to integrate Agility GIL for more profitability

Announcing the second-quarter revenues, which were up by 31.4% ($6.04bn), DSV spoke about the high yields, market conditions – and competition, as it commences to integrate Agility GIL.
While losing customers after the M&A is a common phenomenon, DSV which is the M&A expert feels confident that it will still be standing on solid grounds. DSV CEO Jens Bjorn Andersen and CFO Jens Lund said that while things may be a little “bumpy”, they will settle.
“The Agility deal will take inspiration from Panalpina. We are more experienced; it’s smaller and we are well prepared. Once we include Agility, we’ll put a smokescreen over the numbers, but our performance will continue in terms of market share,” they said while speaking about the merger, which is likely to happen next month. We are 100% committed to market share. It sounds arrogant, but we are humble, that’s what we do. Profitability needs to follow. There are so many ways to compete with mom-and-pop shops. We have been able to outgrow the market,” they added.