DSV’s CEO Jens Bjørn Andersen has told the Wall Street Journal that the US remains a key market for global T&L player and owner of Kuwait-based Agility’s Global Integrated Logistics business (GIL).
Agility’s logistics division was acquired by DSV last year for $4 billion to bolster its Asia-Pacific and Middle East presence. It is also part of an aggressive acquisition programme which has seen three major acquisitions in six years to deepen is presence in major global markets.
The interview with the WSJ, suggests that the US could be next.
DSV is rumoured to be interested in C H Robinson Worldwide, a firm the WSJ describes as “the largest freight middleman in the U.S. with more than $23 billion in revenue last year”.
Anderson declined to comment on the potential move during an interview at DSV’s headquarters, but stated that the world’s third largest T&L company has big ambitions with the U.S. market its key target.
“If you go fishing, you want to catch the biggest fish,” Andersen said.
