DSV officially acquires DB Schenker. Towards a major logistics group focuse on sustainability

The confirmation came through DB Schenker and DSV official channels: the German logistics player, controlled by Deutsche Bahn, has been sold to the Danish DSV, among the most important players at least at the European level in the world of logistics and transport. Together, DSV and Schenker will have an expected pro forma revenue of approximately EUR 39.3 billion (based on 2023 numbers) and a combined workforce of approximately 147,000 employees in more than 90 countries.

The situation concerning DB Schenker has been going on for a few months now, with several possible buyers offering to close the deal. These included the Maersk Group, which had later withdrawn from the deal. In the end, the CVC Capital Partners fund, which actually seemed to have the upper hand until a few days ago, and precisely DSV were left.

DSV acquired DB Schenker for 14.3 billion euros

The acquisition will strengthen DSV’s global network, expertise and competitiveness, benefiting employees, customers and investors. The value of the acquisition is EUR 14.3 billion.

“This is a transformative event in DSV’s history, and we are very excited to join forces with Schenker. With the acquisition we bring together two strong companies, creating a world-leading transport and logistics powerhouse that will benefit our employees, customers and shareholders. “By adding Schenker’s competencies and expertise to our existing network, we improve our competitiveness across all three divisions: Air & Sea, Road, and Solutions. As well as enhancing our commercial platform across DSV, the acquisition will provide our customers with even higher service levels, innovative and seamless solutions and flexibility to their supply chains”, stated Jens H. Lund, Group CEO, DSV.