DSV Completes Acquisition of Schenker

DSV A/S has finalized its acquisition of DB Schenker from Deutsche Bahn AG in a significant all-cash transaction valued at approximately DKK 106.7 billion (around EUR 14.3 billion). This deal marks a strategic milestone for DSV, which has a history of integrating acquired entities to fuel growth, as it positions itself as a leading player in the global transport and logistics sector. The acquisition is anticipated to create operational synergies and transform the industry landscape by merging the strengths of two significant players in the field. With the potential for a combined pro-forma revenue of DKK 310 billion and a workforce of nearly 160,000 employees worldwide, the merger promises substantial growth, customer benefits, and financial performance enhancements. DSV plans to integrate Schenker into its global network by May 2025, aiming to achieve annual synergies of DKK 9.0 billion by the end of 2028. Financial restructuring has been carried out with equity and bond issuances, as well as cash reserves, aligning with DSV's commitment to maintaining a stable capital structure. This acquisition not only boosts DSV's market position but also changes its financial outlook for 2025 and beyond. The company anticipates revised financial ambitions to be revealed following the completion of the integration with updates expected at its upcoming financial reports.