DHL to stick with an opportunistic approach to acquisitions

DP DHL CEO Frank Appel

Deutsche Post (DP) DHL will maintain an opportunistic approach to freight forwarding acquisitions despite the spate of takeovers recently announced by some of the company’s peers.

Speaking after the delivery and logistics giant last week revealed its half year results, DP DHL chief executive Frank Appel was asked whether the company planned to start making acquisitions following the completion of the roll out of the CargoWise IT platform and recent consolidation in the sector.

“There is no strategic need to do something,” said Appel. “If there is a good opportunity to augment our capabilities, we will do that in [our] supply chain [business] and also DHL Global Forwarding and Freight (DGFF), but we don’t have a need.”

He added that the company had the biggest and “most global” network in the industry and that is different to some of DP DHL’s forwarding competitors that have been active recently.

“But in principle, if there is a good target which will help us to grow our business faster, we definitely will go for it.”

The last few years have seen a series of acquisitions in the freight forwarding sector that look likely to see DGFF lose its top spot as the world’s busiest airfreight forwarder to Kuehne+Nagel (K+N).

Earlier this year, K+N completed the majority acquisition of Apex International as part of efforts to expand its presence in the Asian market.

The latest figures from consultant Armstrong & Associates suggest that the combined entity will handle almost 2.2m tonnes of air cargo per year compared with DGFF’s 1.7m tonnes.

DSV Panalpina has also been active this year, following its takeover of Panalpina. In April, the Denmark-based forwarder announced a deal to acquire Agility Global Integrated Logistics (GIL).

The purchase will add around 350,000 tonnes of airfreight volumes and cement DSV Panalpina’s position as a top three airfreight forwarder.

Share this story

Related Topics

Latest acquisitions news

Dachser takes majority stake in Dachser & Fercam Italia

Dachser has acquired 80% of the shares in the joint venture Dachser & Fercam Italia, effective March 28. This completes…

Read More

Share this story

Scan Global Logistics plans for further acquisitions

Fast-growing Scan Global Logistics said it is planning to make more acquisitions with a focus on growing in key markets….

Read More

Share this story

ANA again pushes back takeover of freighter airline NCA

All Nippon Airways (ANA) has for a third time delayed its planned takeover of freighter carrier Nippon Cargo Airlines (NCA)…

Read More

Share this story

Damian Brett

Damian Brett
I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector.After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015.Contact me on [email protected]