DSV signs agreement to acquire Schenker

DSV has signed an agreement to acquire Schenker from Deutsche Bahn in a transaction worth €14.3 billion.
The reach of the combined company will strengthen the organisation’s competitiveness and provide access to new markets in a very dynamic and competitive industry. Together, DSV and Schenker will have an expected pro forma revenue of approximately €39.3 billion and a combined workforce of approximately 147,000 employees in more than 90 countries.
Jens H. Lund, Group CEO, DSV, said: “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 and 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.”