Author: Archive

Panalpina Group saw gross revenue rise by more than 26% in 2000 to 6.9 billion Swiss francs (about $4 billion), while its net income increased by the same percentage, to about $55 million. Panalpina chief executive Bruno Sidler said they favored an “organic growth” expansion strategy instead of the acquisition strategy of one of their main competitors, Danzas AG. But Fischer said he “would not exclude the possibility of a carefully selected acquisition or alliance to improve our market position”