DSV announces completion: The acquisition of Schenker is thus finalized. A new giant is emerging in the global logistics market. The formal finalization of the transaction is described by the Danish company as a milestone in its corporate history.
According to its own statements, DSV has met all the conditions and requirements for the acquisition of Schenker from Deutsche Bahn. The acquisition has a volume of around 106.7 billion Danish kroner, which is approximately 14.3 billion euros. This makes it the largest transaction in DSV's history.
With the merger, DSV doubles its company size. The combined company will in the future generate annual revenue of about 310 billion Danish kroner (approximately 41.6 billion euros) and employ around 160,000 people in
over 90 countries worldwide. The announcement of the completed acquisition coincides with the release of the quarterly figures for the first quarter of 2025.
Jens H. Lund, Group CEO of DSV, explained to the press:
“With the completion of the acquisition of Schenker, we have reached a milestone in DSV’s history. We have eagerly anticipated the transaction, and I am delighted to welcome our new colleagues into the DSV organization. With this acquisition, we become a leading global player in the transport and logistics market—at a time when global supply chains are more in focus than ever, and our customers require a reliable and agile global network of services and products.”
Schenker CEO Jochen Thewes also expressed positivity:
“We are
pleased with this important step and look forward with confidence to our shared future with DSV. The dialogue over the past few months has been very constructive, and we are excited about the prospects for the combined company. DSV and Schenker are an excellent fit—both in terms of business models and services and in values and operational standards.”
DSV aims to further strengthen its global network and competitiveness with the acquisition. The connection of the two companies is expected to provide access to new markets and expertise—at a time that DSV describes as critical for global trade and supply chains. The strategic direction aims at sustainable growth, stronger digitization, and more flexible structures. Additionally, the acquisition is intended to create
the conditions for offering customers fully integrated logistics solutions.
Economically, DSV is also relying on synergies: The company expects annual savings of around 9 billion Danish kroner by the end of 2028. The operational margin of the combined company is expected to reach at least the previous level of the respective DSV divisions in the long term. The basis is a normalized EBIT size for Schenker from 2024 of around 6 billion kroner (approximately 800 million euros).
The integration of Schenker is to begin on May 1, 2025. DSV announces that this process will be implemented with special care and consideration for customers, employees, and other stakeholders. The goal is to avoid disruptions in operations while maintaining the usual level
