DSV has announced its largest transaction to date after signing an agreement to acquire Schenker from Deutsche Bahn. The acquisition will strengthen DSV’s global network, competence and competitiveness to the benefit of employees, customers and investors. The value of the acquisition is 14.3 billion euros.
The combined company’s reach will strengthen the organization’s competitiveness and provide access to new markets in a highly dynamic and competitive industry. Together, DSV and Schenker will have expected pro forma revenue of approximately €39.3 billion (based on 2023 figures) and a combined workforce of approximately 147,000 employees in more than 90 countries.
The acquisition of Schenker will strengthen DSV’s global network and capacity. In addition to greater reach and better opportunities to serve its customers, the acquisition strengthens DSV’s platform for growth and development of a more sustainable and digital transport and logistics industry.
Through the acquisition Germany will be a key market for DSV with significant impact on the future organization. Various central functions will remain in Germany, including at the Schenker site in Essen.
DSV counts on to grow in Germany and plans investments of EUR 1 billion in Germany over the next 3-5 years. The investments should contribute to long-term growth and job creation and promote modern and attractive workplaces.
The merged one the organization is expected to have more employees in Germany in five years than Schenker and DSV have today.
The transition is coming to take place smoothly in order to prioritize continuity for all Schenker’s customers and with consideration for employees and stakeholders. This is to maintain the companies’ performance.
As part of the agreement DSV has issued social commitments for employees of Schenker in Germany valid until two years after closure. Collective agreements and individual terms of employment for German employees on termination dates will generally be maintained for the two-year period. DSV will apply the German principles of co-determination.
The deal is conditional of approvals by Deutsche Bahn’s board and by the German Federal Ministry of Digital and Transport expected in the coming weeks. In addition, the acquisition is conditional on the usual authority permits being obtained, which are expected to be secured during the second quarter of 2025.
DSV counts on to finance the transaction through a combination of equity financing of approximately EUR 4-5 billion and debt financing.
Until completion of the transaction, DSV and Schenker remain two separate companies that conduct business as usual.
What are the implications of DSV’s acquisition of Schenker for the logistics industry?
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DSV Announces Largest Transaction to Date: Acquires Schenker from Deutsche Bahn for 14.3 Billion Euros
In a move that is set to strengthen its global network, competence, and competitiveness, DSV, a leading logistics and transportation company, has announced its largest transaction to date. The Denmark-based company has signed an agreement to acquire Schenker, the logistics subsidiary of Deutsche Bahn, in a deal worth 14.3 billion euros.
Strengthening Global Reach and Competitiveness
The acquisition is expected to significantly enhance DSV’s global network, providing access to new markets and increasing its competitiveness in the highly dynamic and competitive logistics industry. With the combined strength of DSV and Schenker, the organization will have an expected pro forma revenue of approximately 39.3 billion euros, based on 2023 figures, and a combined workforce of approximately 147,000 employees across more than 90 countries.
Expanding Capacity and Reach
The acquisition of Schenker will strengthen DSV’s global network and capacity, enabling the company to better serve its customers and provide a more comprehensive range of services. With Schenker’s extensive network and expertise, DSV will be able to offer its customers a wider range of transportation and logistics solutions, further solidifying its position as a global leader in the industry.
Germany: A Key Market for DSV
The acquisition will have a significant impact on DSV’s presence in Germany, with the country becoming a key market for the company. Various central functions will remain in Germany, including at the Schenker site in Essen. DSV plans to invest 1 billion euros in Germany over the next 3-5 years, which will contribute to long-term growth, job creation, and the development of modern and attractive workplaces.
Growth and Job Creation in Germany
DSV is committed to growing in Germany, with plans to increase its workforce in the country over the next five years. In fact, the merged organization is expected to have more employees in Germany in five years than Schenker and DSV have today, further solidifying its commitment to the German market.
Smooth Transition
The transition is expected to take place smoothly, with a focus on prioritizing continuity for all Schenker customers and considering the needs of employees and stakeholders. This will ensure that the companies’ performance is maintained and that customers continue to receive the high level of service they expect from both DSV and Schenker.
Social Commitments for Employees
As part of the agreement, DSV has issued social commitments for employees of Schenker in Germany, which will be valid until two years after the closure of the transaction. Collective agreements and individual terms of employment for German employees on termination dates will generally be maintained for the two-year period, and DSV will apply the German principles of co-determination.
A New Era for Logistics and Transportation
The acquisition of Schenker by DSV marks a new era for the logistics and transportation industry. With its strengthened global network, increased capacity, and expanded reach, DSV is well-positioned to drive growth, innovation, and sustainability in the industry. As the company looks to the future, it is committed to investing in digitalization, sustainability, and employee development, further solidifying its position as a global leader in logistics and transportation.
Key Takeaways
DSV acquires Schenker from Deutsche Bahn for 14.3 billion euros
Acquisition strengthens DSV’s global network, competence, and competitiveness
Combined organization will have expected pro forma revenue of approximately 39.3 billion euros and a combined workforce of approximately 147,000 employees across more than 90 countries
Germany will become a key market for DSV, with plans to invest 1 billion euros in the country over the next 3-5 years
* DSV commits to social commitments for employees of Schenker in Germany, including maintaining collective agreements and individual terms of employment for a two-year period.
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What are the expected benefits of DSV’s acquisition of Schenker for the logistics industry?
DSV Announces Largest Transaction to Date: Acquires Schenker from Deutsche Bahn for 14.3 Billion Euros
In a monumental move, DSV, a leading logistics and transportation company, has announced its largest transaction to date. The Denmark-based company has signed an agreement to acquire Schenker, the logistics subsidiary of Deutsche Bahn, in a deal worth 14.3 billion euros. This acquisition is poised to strengthen DSV’s global network, competence, and competitiveness, benefiting employees, customers, and investors alike.
Strengthening Global Reach and Competitiveness
The combined company’s reach will significantly enhance its competitiveness in a highly dynamic and competitive industry. Together, DSV and Schenker will boast an expected pro forma revenue of approximately 39.3 billion euros (based on 2023 figures) and a combined workforce of around 147,000 employees in more than 90 countries. This expanded global network will enable the company to better serve its customers and tackle the challenges of a rapidly changing logistics and transportation landscape.
Enhancing Sustainable and Digital Capabilities
The acquisition of Schenker will strengthen DSV’s global network and capacity, providing greater opportunities to serve customers and drive growth in a more sustainable and digital transportation and logistics industry. DSV’s platform for growth and development will be significantly enhanced, enabling the company to invest in modern and attractive workplaces, promote long-term growth, and create new jobs.
Significance of the German Market
Germany will be a key market for DSV, with significant implications for the future organization. Various central functions will remain in Germany, including at the Schenker site in Essen. DSV plans to invest 1 billion euros in Germany over the next 3-5 years, contributing to long-term growth, job creation, and modern workplaces. The merged organization is expected to have more employees in Germany in five years than Schenker and DSV have today.
Smooth Transition and Social Commitments
The transition is expected to take place smoothly, prioritizing continuity for Schenker’s customers, employees, and stakeholders. As part of the agreement, DSV has issued social commitments for Schenker employees in Germany, valid until two years after closure. Collective agreements and individual terms of employment for German employees on termination dates will generally be maintained for the two-year period. DSV will apply the German principles of co-determination.
Financing and Approvals
The deal is conditional on approvals by Deutsche Bahn’s board and the German Federal Ministry of Digital and Transport, expected in the coming weeks. The acquisition is also conditional on obtaining the usual authority permits, which are expected to be secured during the second quarter of 2025. DSV plans to finance the transaction through a combination of equity financing of approximately 4-5 billion euros and debt financing.
Implications for the Logistics Industry
The implications of DSV’s acquisition of Schenker are far-reaching and significant for the logistics industry as a whole. The deal is set to:
Consolidate the industry, creating a more competitive and efficient market leader
Drive growth and investment in sustainable and digital logistics capabilities
Enhance customer services and experiences through a stronger global network
Create new job opportunities and promote long-term growth
As the logistics industry continues to evolve in response to changing customer needs, technological advancements, and environmental concerns, the acquisition of Schenker by DSV marks a significant step forward in shaping the future of logistics and transportation.
Key Takeaways
DSV acquires Schenker from Deutsche Bahn in a deal worth 14.3 billion euros
The combined company will have an expected pro forma revenue of approximately 39.3 billion euros
The acquisition will strengthen DSV’s global network, competence, and competitiveness
Germany will be a key market for DSV, with significant investments planned
* The deal is conditional on approvals and permits, expected in the coming weeks and second quarter of 2025
