Dutchman on an acquisition hunt with unknown German billion-dollar company

The German fuel card and toll booth company DKV, led by Erasmus School of Economics alumnus Marco van Kalleveen, is taking over. “In a short period we have done several acquisitions, in the past 65 years we had done none”, the CEO tells in an interview with FD. Van Kalleveen, who graduated in Economics and Business Economics in 1993, wants to use the coronacrisis to speed up.

“I hardly knew DKV before I started”, van Kalleveen admits. “But we’re growing double digits. We have 200.000 customers. In the past year, almost €10 billion in transactions went through our platform. We are a hidden champion”.

DKV is a German company, owned for 80% by a German family business and the British investor CVC (20%). The company issues fuel cards with which companies can refuel at one of the thousands of filling stations with which DKV has a contract. From a dental practice with a few employees to large international transport companies. In addition, DKV helps with reclaiming VAT and sells booths that allow drivers throughout Europe to automatically pay tolls.

Van Kalleveen is CEO of the multinational with over a thousand employees since April last year. Before that he worked as a partner at McKinsey, he was part of the management board of the international courier company TNT Express, and he was Chief Operational Officer at lease company LeasePlan, where he left after a failed IPO. “No, I don’t think that’s a shame, that is part of life. One door closes and another opens.”

You can read more about Van Kalleveen’s plans with DKV here.

More information

Marco van Kalleveen graduated from Erasmus School of Economics in 1993.

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