当前位置：新闻动态
Dachser 'definitely looking for some targets': CEO eyes acquisitions
来源：shippingazette 编辑：编辑部 发布：2023/08/21 17:13:38
ACQUISISTIONS are on the growth agenda for German logistics company Dachser.
Chief executive Burkhard Eling said the company is "definitely looking for some targets" across its Air & Sea Logistics (ASL) division, reports London's Air Cargo News.
However, while in its Road Logistics (RL) business Dachser has traditionally waited for opportunities to acquire partners it is already working with, the company plans to accelerate ASL growth by actively looking for opportunities.
"We are definitely looking for some targets, mainly where the setup today is not either at the size we would like, or where we are not present at all."
Speaking about the acquisition of New Zealand-based freight forwarder ACA International in March, Mr Eling said it was an example of how Dachser is moving into new areas without any existing setup through partners.
The purchase extended the company's air and sea freight network to Australia and New Zealand, with seven additional locations.
Then in May, Dachser signed a deal with Japanese logistics company Nishi-Nippon Railroad Co to form a joint venture in Japan, with a plan for Dachser Japan K K to open its first office in Tokyo at the end of this year.
The Japanese location will offer air and sea transport and will be connected to Dachser's close-knit overland transport network in Europe, said Dachser at the time.
Looking to the future, Dachser plans to mainly focus on expanding business in geographical areas where it is already set up
Mr Eling says: "This is definitely something we want to grow over years over the years to come."
But the company will also consider venturing into new territory.
"There are still some countries, we are not present today at all," he adds.
Despite growth opportunities through acquisitions, the tough operating market this year will have an impact, expects Mr Eling.
Looking at the performance of the business this year, he said a decline in volumes is inevitable for the ASL division this year, following a strong 2021 and 2022.
However, he adds: "We did not expect such a rapid deterioration of our carrier rates, which, of course is a big part of our overall volume."
"We are forecasting a level of roughly minus 10 per cent in volume. But the deterioration of the carrier rates will impact revenues," he stresses.
Chief executive Burkhard Eling said the company is "definitely looking for some targets" across its Air & Sea Logistics (ASL) division, reports London's Air Cargo News.
However, while in its Road Logistics (RL) business Dachser has traditionally waited for opportunities to acquire partners it is already working with, the company plans to accelerate ASL growth by actively looking for opportunities.
"We are definitely looking for some targets, mainly where the setup today is not either at the size we would like, or where we are not present at all."
Speaking about the acquisition of New Zealand-based freight forwarder ACA International in March, Mr Eling said it was an example of how Dachser is moving into new areas without any existing setup through partners.
The purchase extended the company's air and sea freight network to Australia and New Zealand, with seven additional locations.
Then in May, Dachser signed a deal with Japanese logistics company Nishi-Nippon Railroad Co to form a joint venture in Japan, with a plan for Dachser Japan K K to open its first office in Tokyo at the end of this year.
The Japanese location will offer air and sea transport and will be connected to Dachser's close-knit overland transport network in Europe, said Dachser at the time.
Looking to the future, Dachser plans to mainly focus on expanding business in geographical areas where it is already set up
Mr Eling says: "This is definitely something we want to grow over years over the years to come."
But the company will also consider venturing into new territory.
"There are still some countries, we are not present today at all," he adds.
Despite growth opportunities through acquisitions, the tough operating market this year will have an impact, expects Mr Eling.
Looking at the performance of the business this year, he said a decline in volumes is inevitable for the ASL division this year, following a strong 2021 and 2022.
However, he adds: "We did not expect such a rapid deterioration of our carrier rates, which, of course is a big part of our overall volume."
"We are forecasting a level of roughly minus 10 per cent in volume. But the deterioration of the carrier rates will impact revenues," he stresses.