DSV has confirmed it has inked the contract to buy DB Schenker from Deutsch Bahn for €14.3 billion. Together, DSV and Schenker will have an expected pro forma revenue of around €39.3 billion (based on 2023 numbers) and a combined workforce of 147,000 employees in 90 countries, making it the largest forwarder in terms of revenue generation, ahead of Kuehne+Nagel and DHL. “This is a transformative event in DSV’s history, and we are excited to join forces with Schenker. By adding Schenker’s competencies and expertise to our network, we improve our competitiveness across all three divisions: Air, sea and road. Enhancing our commercial platform across DSV, the acquisition will provide our clients with higher service levels, innovative and seamless solutions, and flexibility to their supply chains,” Jens H. Lund, Group CEO, DSV, said.
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