Finally on 13th sept 2024, the deal was finalised for DSV to aquire DB Schenker in approx. 14.3 Billion EURO. Once both are merged, DSV will World no 1 freight forwarder and will be above the present top two – Kuehne Nagel and DHL.
German Giant – Deutsche Bahn AG decided to sell its logistics subsidiary DB Schenker and focus on its core business rail logistics, the sales will reduce a significant debt of the DB Group.
DSV is Danish in logistics and freight forwarding.
Both the companies have a history to learn from each other – DB Schenker started in 1972 while DSV started in 1976.
Impact of merger
Together both will have a combined
- Revenue of 39 billion EUR (as per 2023 data)
- Work force of 1,47,000 employees in 90 countries.
- Germany will become a Key market for DSV with strong background of DB Schenker. DSV plans to invest approx. 1 billion EUR in Germany in next 5 years.
Acquisitions are mainly done to increase market share and beat the competition
Few of earlier acquisition done by DSV
- 1989 -Borup Auto transport and Hammer bro Bech Trans
- 1997-Samson Transport Company
- 1990-Svex Group AB
- 2000-DFDS Dan Transport Group
The present acquisition is expected to get the regulatory clearance by 2nd half of 2025. Until the clearance both the companies will work as separate entities.
