HEDEHUSENE, Denmark: September 04, 2018. Logistics provider DSV has acquired Dutch multi-channel fulfilment specialist S&H to boost its e-commerce business. Terms were not disclosed.

S&H services include warehousing, response handling, financial fulfilment, product fulfilment, European distribution, customer service, returns handling, e-fulfilment and supply chain management.

DSV acquires SH“S&H has proven itself as a champion within product fulfilment in the Benelux region,” said Brian Ejsing, CEO of the DSV Solutions division. “We have been on the lookout for a suitable add-on acquisition to boost our capabilities within e-commerce, specifically multi-channel fulfilment. S&H is a great fit for DSV, and we are looking very much forward to taking full advantage of [its] expertise within this field."

New S&H managing director Peter van der Maas added: “I am delighted to assume this new role and equally delighted to head up a team of experts in multi-channel fulfilment. S&H has a unique value proposition supported by a sophisticated and flexible IT system making multi-channel fulfilment simple."

DSV says it will now be able to offer a wider range of services for business-to-business and direct-to-consumer multi-channel fulfilment including: e-fulfilment, financial fulfilment, merchandise logistics for retail customers and web support.

For the first half of 2018, DSV reported a 6.0 percent year-on-year increase in revenue to DKK37.8 billion; a 5.9 percent increase in gross profit to DKK8.5 billion; an operating profit of DKK2.9 billion and a net profit of DKK1.9 billion.

CEO Jens Bjørn Andersen commented: "So far, the impact from trade tariffs has been limited and going into the second half of 2018 we continue to see a stable development on the global transport markets. DSV has good momentum and a strong foundation for further growth, and we upgrade our expectations for 2018.”

(Pictured left to right: S&H founder Hans Elshout and Peter van der Maas, DSV.)