Danish logistics company DSV has signed an agreement to acquire Schenker from Deutsche Bahn in a deal worth €14.3 billion.
The acquisition, which is described as DSV’s largest ever, is made according to the company to strengthen the company’s global network and competitiveness. According to the newspaper Dagens Industri, the deal will make DSV the world’s largest transport company.
– This is a transformative event in DSV’s history, and we are very pleased to join forces with Schenker. By adding Schenker’s skills and expertise to our existing network, we improve our competitiveness across all three divisions: Air & Sea, Road and Solutions. The acquisition will give our customers even higher service levels, innovative and flexible solutions and increased flexibility in their supply chains, says Jens H. Lund, CEO of DSV, in a press release.
The deal means that the combined company will have an expected turnover of around 39.3 billion euros, based on figures from 2023, and a workforce of around 147,000 employees in over 90 countries.
Planning large investments
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According to the press release, DSV plans to invest EUR 1 billion in Germany over the next three to five years, with the aim of promoting long-term growth.
With Germany as a key market, DSV expects that within five years the combined organization will have more employees in the country than Schenker and DSV have today.
Strengthened competitive advantages
From Schenker’s side, the deal is seen as a way to create a global market-leading company.
– DB Schenker looks forward to the opportunities that the merged company will offer. Our goal together with DSV is to transform the industry and build a global market leader with European roots, says Schenker’s CEO, Jochen Thewes.
The deal will be completed in 2025
The deal is subject to approvals from Deutsche Bahn’s board of directors and the German government, which is expected in the coming weeks. In addition, customary regulatory approvals are required, which are expected to be secured during the second quarter of 2025.
Until the deal is completed, DSV and Schenker will continue to operate their businesses as separate companies.
– What are the implications of DSV acquiring Schenker for the global logistics industry?
DSV Acquires Schenker from Deutsche Bahn in €14.3 Billion Deal, Becoming World’s Largest Transport Company
In a groundbreaking move, Danish logistics company DSV has signed an agreement to acquire Schenker from Deutsche Bahn in a deal worth €14.3 billion. This acquisition, described as DSV’s largest ever, aims to strengthen the company’s global network and competitiveness, making it the world’s largest transport company, according to newspaper Dagens Industri.
Transformative Event in DSV’s History
The acquisition is seen as a “transformative event” in DSV’s history, with CEO Jens H. Lund expressing his enthusiasm about joining forces with Schenker. “By adding Schenker’s skills and expertise to our existing network, we improve our competitiveness across all three divisions: Air & Sea, Road, and Solutions,” Lund stated in a press release. The acquisition will provide customers with higher service levels, innovative and flexible solutions, and increased flexibility in their supply chains.
Combined Company’s Expansive Reach
The combined company will have an expected turnover of around €39.3 billion, based on figures from 2023, and a workforce of around 147,000 employees in over 90 countries. This significant expansion will solidify DSV’s position as a global logistics leader, offering a comprehensive range of services to customers worldwide.
Investment Plans in Germany
DSV has announced plans to invest €1 billion in Germany over the next three to five years, focusing on promoting long-term growth in the region. With Germany being a key market, DSV expects that within five years, the combined organization will have more employees in the country than Schenker and DSV have today.
Strengthened Competitive Advantages
The acquisition is seen as an opportunity to create a global market-leading company. From Schenker’s perspective, the deal will enable the creation of a single, unified entity with unparalleled capabilities and resources. The combined company will be better equipped to meet the evolving needs of customers, offering a wider range of services, increased capacity, and enhanced operational efficiency.
A New Era in Logistics
The DSV-Schenker deal marks a significant milestone in the logistics industry, creating a powerhouse with unmatched scale and capabilities. As the global economy continues to evolve, this acquisition demonstrates DSV’s commitment to investing in its people, processes, and technology to stay ahead of the curve. With its expanded reach and strengthened competitive advantages, the combined company is poised to set new standards in logistics and transportation.
Key Facts and Figures
Acquisition value: €14.3 billion
Expected combined turnover: €39.3 billion (based on 2023 figures)
Workforce: approximately 147,000 employees in over 90 countries
Investment plans in Germany: €1 billion over the next three to five years
This article aims to provide a comprehensive overview of the DSV-Schenker acquisition, covering the motivations behind the deal, the benefits for customers and stakeholders, and the implications for the logistics industry as a whole. By optimizing the content with relevant keywords and phrases, we aim to improve the article’s search engine ranking and visibility, making it easier for readers to find and engage with this informative content.
– What are the key benefits of DSV’s acquisition of Schenker for the logistics industry?
DSV Acquires Schenker from Deutsche Bahn in a €14.3 Billion Deal: A Transformative Event in the Logistics Industry
The logistics industry has witnessed a monumental shift with the announcement of DSV’s acquisition of Schenker from Deutsche Bahn in a deal worth €14.3 billion. This acquisition marks DSV’s largest deal to date, strengthening its global network and competitiveness, and cementing its position as a leading player in the industry.
Strengthening Global Network and Competitiveness
The acquisition is expected to enhance DSV’s competitiveness across all three divisions: Air & Sea, Road, and Solutions. By integrating Schenker’s skills and expertise into its existing network, DSV aims to provide its customers with higher service levels, innovative and flexible solutions, and increased flexibility in their supply chains. “This is a transformative event in DSV’s history, and we are very pleased to join forces with Schenker,” said Jens H. Lund, CEO of DSV. “By adding Schenker’s skills and expertise to our existing network, we improve our competitiveness across all three divisions.”
Planning Large Investments
DSV plans to invest €1 billion in Germany over the next three to five years, aimed at promoting long-term growth. With Germany as a key market, DSV expects the combined organization to have more employees in the country than Schenker and DSV have today. This significant investment is expected to drive growth and development in the region.
Strengthened Competitive Advantages
From Schenker’s perspective, the deal is seen as an opportunity to create a global market-leading company. “DB Schenker looks forward to the opportunities that the merged company will offer. Our goal together with DSV is to transform the industry and build a global market leader with European roots,” said Jochen Thewes, CEO of Schenker.
The Deal Will Be Completed in 2025
The acquisition is subject to approvals from Deutsche Bahn’s board of directors and the German government, expected in the coming weeks. Additionally, customary regulatory approvals are required, which are expected to be secured during the second quarter of 2025. Until the deal is completed, DSV and Schenker will continue to operate their businesses separately.
Implications for the Global Logistics Industry
The acquisition of Schenker by DSV is expected to have significant implications for the global logistics industry. The combined entity will have an expected turnover of around €39.3 billion, based on figures from 2023, and a workforce of around 147,000 employees in over 90 countries. This deal is likely to lead to increased competition, innovation, and investment in the industry, ultimately benefiting customers and driving growth.
DSV’s acquisition of Schenker from Deutsche Bahn is a transformative event that will shape the future of the logistics industry. With its strengthened global network and competitiveness, DSV is poised to become a dominant player in the industry, driving growth, innovation, and customer satisfaction.
Keywords: DSV, Schenker, Deutsche Bahn, Logistics Industry, Acquisition, Global Network, Competitiveness, Supply Chain Management, Freight Management System.
