DSV has signed its largest deal to date, acquiring logistics giant Schenker from Deutsche Bahn for EUR 14.3 billion. This acquisition will significantly enhance DSV’s global network, expanding its reach and expertise, benefiting employees, customers, and investors alike.
The combined company is expected to generate pro forma revenue of EUR 39.3 billion and employ approximately 147,000 people in over 90 countries. This deal strengthens DSV’s platform for growth, particularly in Germany, where DSV plans to invest EUR 1 billion over the next 3-5 years, contributing to job creation and modernized workplaces.
Key Statements
Jens H. Lund, Group CEO of DSV, hailed the acquisition as a “transformative event,” noting that it will make DSV a leading global transport and logistics powerhouse. Schenker’s expertise will enhance DSV’s services in Air & Sea, Road, and Solutions divisions, improving competitiveness and customer service.
Jochen Thewes, CEO of Schenker, expressed optimism for the future, emphasizing the combined company’s potential to reshape the industry.
Richard Lutz, CEO of Deutsche Bahn, highlighted the strategic growth prospects for Schenker and the commitment to finding a strong partner in DSV.
Next Steps
DSV and Schenker will focus on seamless integration, ensuring continued service excellence and prioritizing employee well-being, with social undertakings for Schenker’s German employees to be maintained for two years post-acquisition.
This deal marks a new chapter for both companies, with shared values and a commitment to transforming the logistics industry.
