Panalpina and DSV agree to join forces

2 April

CEO of Panalpina Stefan Karlen (right) and me at the press conference 1 April at the Panalpina HQ in Basel, Switzerland. It was a great pleasure for me to meet with the people of Panalpina yesterday afternoon. I have a feeling we will do great things together.

No doubt, by now, you have all heard the news: DSV and Panalpina have agreed to join forces. The deal is expected to close towards the end of 2019, subject to the satisfaction of certain conditions and approval of several regulatory bodies.

I am immensely happy and proud that we were able to reach an agreement; yesterday was a big day for DSV.

And I would especially like to thank you – the people of DSV – for helping to make this dream come true. You are responsible for the results that have put us in a position to offer and make the transaction detailed in the company announcement we published yesterday. It is the biggest transaction in the history of DSV.

Combining the best of two worlds

The Panalpina business and people are a very valuable addition to the new “DSV Panalpina” that will emerge.

Panalpina is a strong company with a rich history and a great reputation, and I am sure we are all very excited to meet our new colleagues and benefit from mutual experience, know-how and special skills. '

A great challenge lies ahead, one that I am confident we will face with great gusto and humility. This is a unique opportunity to achieve something truly remarkable – together.