DSV has formally completed the acquisition of Schenker from Deutsche Bahn, meeting all conditions and requirements for the 106.7 billion DKK (approx. €14.3 billion) buyout.
The acquisition, finalised on 30 April, will result in the creation of a world-leading player in the transport and logistics industry.
It is also the largest transaction in DSV’s history, doubling its size and significantly enhancing its global network, expertise and competitive edge across its three divisions.
The combined entity will have a revenue of approximately 310 billion DKK (approx. € 41.6 billion) and a workforce of close to 160,000 employees based across more than 90 countries.
DSV CEO, Jens H. Lund, said: “With the completion of the acquisition of Schenker, we have reached a milestone in the history of DSV.
“We have been looking forward to completing the transaction and I am excited to welcome our new colleagues to the DSV organisation.
“With this acquisition, we become a world-leading player in global transport and logistics, at a time when global supply chains are more in focus than ever before, and our customers need a reliable and agile global network of services and products.
“By combining the two companies we will create a unique, flexible platform for long-term financial growth to the benefit of our customers, employees, shareholders and other stakeholders.”
Schenker CEO Jochen Thewes said: “We are happy to complete this important milestone, and we are looking forward to joining forces with DSV.
“The dialogue throughout the last months has been very positive and we are very excited about the prospects of the combined business.
“DSV and Schenker are a strong match with many similarities in business models and services, shared values and high operational standards, and we look forward to getting to work.”
The combined corporate structure provides DSV with access to new markets and talents at a crucial time for global trade and supply chains.
The acquisition is seen as strengthening DSV’s strategies for future growth, while developing a more sustainable, flexible and digitalised transport and logistics industry.
Schenker will be included in the consolidated financial statements of DSV from 1 May 2025.
Based on preliminary estimates, annual synergies are estimated at the level of 9.0 billion DKK (approx. € 7.9 billion) at the end of 2028.
The announcement of the completion of the transaction is happening parallel to the company presenting its Q1 2025 results.
In more news DSV announces new executive leadership appointments
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