DSV announces its biggest transaction to date after signing an agreement to acquire Schenker from Deutsche Bahn. The value of the acquisition is EUR 14.3 billion.
DSV, a global logistics powerhouse, has announced a landmark agreement to acquire Schenker from Deutsche Bahn in a deal valued at €14.3 billion (approximately DKK 107 billion). This transformative acquisition is expected to strengthen DSV’s position in the highly competitive transport and logistics industry while providing enhanced access to new markets.
The combined entity will have an estimated pro forma revenue of €39.3 billion based on 2023 figures, supported by a workforce of around 147,000 employees spanning more than 90 countries. The expanded scale will enable DSV to bolster its global network, offering customers greater reach and improved services. The acquisition is also expected to enhance DSV’s platform for sustainable and digital innovation within the transport and logistics sector.
Germany will play a key role in the future of DSV, with a significant presence to be maintained at Schenker’s Essen location. As part of the company’s growth strategy, DSV plans to invest €1 billion in Germany over the next 3 to 5 years. This investment is aimed at fostering long-term growth, job creation, and modernising workplaces. Jens H. Lund, DSV Group CEO, emphasised that the acquisition marks a turning point for the company, stating, “We are very excited to join forces with Schenker. Together, we create a world-leading transport and logistics powerhouse that will benefit our employees, customers, and shareholders.”
The acquisition will strengthen DSV’s three primary divisions: Air & Sea, Road, and Solutions. Schenker’s expertise will be integrated into DSV’s existing operations, enhancing competitiveness and service quality across all business segments. Jochen Thewes, Schenker CEO, highlighted the strategic alignment between the two companies, noting, “Together with DSV, our goal is to transform the industry and build a truly global market leader.”
The deal is subject to regulatory approval, with completion expected by Q2 2025. DSV has committed to a smooth integration process, ensuring service continuity for Schenker’s customers while maintaining German employees' collective agreements and employment conditions for at least two years post-closing.
This acquisition underscores DSV’s long-term growth ambitions, particularly in the European market, and solidifies its position as a leader in the global logistics industry.
