DSV Completes the US$16.2 Billion Acquisition of Schenker

DSV A/S has officially completed the acquisition of Schenker from Deutsche Bahn, marking the largest transaction in the company’s history. Valued at approximately €14.3 billion (US$16.2 billion), this deal is set to significantly boost DSV’s global footprint and operational capabilities across all three of its divisions.

“We are happy to complete this important milestone, and we are looking forward to joining forces with DSV. The dialogue throughout the last months has been very positive and we are very excited about the prospects of the combined business. DSV and Schenker are a strong match with many similarities in business models and services, shared values and high operational standards, and we look forward to getting to work,” says Jochen Thewes, CEO, Schenker.

With this acquisition, DSV effectively doubles its size, establishing a solid foundation for future growth and enhanced service capabilities. The combined entity now boasts annual revenues of around €41.6 billion and a global workforce nearing 160,000 employees, operating in over 90 countries, as previously reported by MBN.

“With the completion of the acquisition of Schenker, we have reached a milestone in the history of DSV. We have been looking forward to completing the transaction and I am excited to welcome our new colleagues to the DSV organisation. With this acquisition, we become a world-leading player in global transport and logistics, at a time when global supply chains are more in focus than ever before, and our customers need a reliable and agile global network of services and products. By combining the two companies we will create a unique flexible platform for long-term financial growth to the benefit of our customers, employees, shareholders, and other stakeholders,” says Jens Lund, Group CEO, DSV.

The integration of Schenker is expected to generate annual synergies of about €1.17 billion by the end of 2028. DSV aims to align Schenker’s operating margins with its own leading performance levels across its business areas within the same timeframe.

The acquisition enhances DSV’s competitive position and grants the company access to new markets and talent, reinforcing its commitment to building a more sustainable, flexible, and digitalized logistics platform.

DSV has pledged a thoughtful and respectful integration process, prioritizing service continuity for customers and stability for employees and partners. The operational integration of Schenker will begin immediately, with the financial consolidation starting on May 1, 2025.