| Type | Publicly-traded Aktieselskab (OMX: DSV) |
|---|---|
| Industry | Transport |
| Founded | 1976 |
| Headquarters | Brøndby, Denmark |
| Key people | Jens Bjørn Andersen (CEO), Kurt K. Larsen (Chairman of the supervisory board) |
| Services | Road transport, freight forwarding, contract logistics |
| Revenue | DKK 42.56 billion (2010)[1] |
| Operating income | DKK 2.197 billion (2010)[1] |
| Profit | DKK 1.184 billion (2010)[1] |
| Total assets | DKK 23.09 billion (end 2010)[1] |
| Total equity | DKK 6.585 billion (end 2010)[1] |
| Employees | 21,300 (end 2010)[1] |
| Divisions | Road, Air & Sea, Solutions |
| Website | www.dsv.com |
DSV A/S, simply known as DSV, is a Danish transport company offering road, air, sea and logistical transport services throughout the world. Since its foundation in 1976 by 10 independent Danish haulers, the company has achieved rapid expansion and international presence, predominantly through a series of strategic competitor acquisitions, the most important being Samson Transport (1997), DFDS Dan Transport (2000), Bachmann (2004), Frans Maas (2006) and ABX Logistics (2008).[2]
With headquarters in Copenhagen, Denmark, and offices in more than 60 countries, DSV employs approximately 21,000 people and collaborating with partners and agents worldwide.[3] DSV is listed on NASDAQ OMX Copenhagen (Copenhagen Stock Exchange) and included in the OMXC20 index as one of the 20 most traded stocks.[4]
The company is structured in three divisions, DSV Road, DSV Air & Sea and DSV Solutions. Its biggest activity lies within the European road transport (trucking) network, followed by its air and sea freight forwarding business. The group also has a growing pan-European contract logistics business.[5] 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 small number of trucks and trailers.[6]
Jens Bjørn Andersen became CEO in August 2008. In 2009 DSV turned over Euro 4,844 billion and realised pre-tax profits of Euro 61.8 million.[7]
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In 1976 Leif Tullberg and 10 independent haulers established DSV, an acronym for “De Sammensluttede Vognmænd af 13-7 1976 A/S” (The Joint Haulers of 13-7 1976).[8] 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.[8]
Wishing a foothold on the international market, DSV bought two competing export companies in 1986, Borup Autotransport A/S and Hammerbro A/S-Bech Trans.[9] Next acquisitions on the road to European operations were Samson Transport Co. A/S in 1997 and Svex Group A/S in 1999.[8]
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 and also a global network and logistics set-up with a key position within airfreight and overseas transport to the US and Asia Pacific markets.[8] 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.[10] With the recent acquisition of ABX Logistics in 2008, DSV has also gained presence in South America and is now represented on all continents.[8]
Over time DSV A/S has realised 38 acquisitions, taken stake in one company and made 12 divestments.[9]
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 af 13-7 1976 A/S, in 2003 formally shortened to DSV A/S.[8]
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.
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