DSV completes acquisition of Schenker

06/ 05/ 2025

After all conditions and requirements for the approx. DKK 106.7 billion (approx. EUR 14.3 billion) acquisition of Schenker from Deutsche Bahn have been met, DSV - Global Transport and Logistics has formally completed the acquisition of Schenker, creating a world-leading player in the transport and logistics industry. DSV A/S is pleased to announce the successful completion of its acquisition of Schenker from Deutsche Bahn on April 30, 2025. This transformative event marks the largest transaction in DSVs history, significantly enhancing its global network, expertise, and competitive edge across all three divisions: Air &Sea, Road, Contract Logistics. Jens H. Lund, Group CEO, DSV: 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. Jochen Thewes, CEO, Schenker: 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. It is estimated that the combined company will have a revenue of approximately DKK 310 billion (approx. EUR 41.6 billion) and a workforce of close to 160,000 employees across more than 90 countries. The combination will strengthen DSVs global network and competitiveness and provide access to new markets and talents at a crucial time for global trade and supply chains. Besides greater reach and better opportunities to create truly end-to-end solutions for our customers, the acquisition strengthens DSVs platform for future growth and the development of a more sustainable, flexible and digitalised transport and logistics industry. The combined company aims to use the strengthened market position to continue to grow through enhanced service offerings and economies of scale, achieving industry-leading margins. We are all DSV From now, we are all DSV, a company capable of results unmatched in the industry and driven by a culture of performance, accountability, innovation and curiosity. Together, we are stronger, more knowledgeable, even better positioned to keep supply chains flowing. Now, with significantly increased capacity in Air & Sea and Contract Logistics and the enhanced road network, as well as more than 150 years of logistics expertise from Schenker, we have built the foundation to become truly unbeatable. The integration of Schenker and DSV will approach with due respect and careful consideration for customers, employees and stakeholders. It is very important for us to continue prioritising our customers, maintaining relationships with them and delivering at the high standards DSV and Schenker are known for. The work is only just beginning, but today we can officially celebrate DSV and Schenker taking the first steps towards Winning As One. If you have any questions, please feel free to reach out to your current account representative from DSV or Schenker.

After all conditions and requirements for the approx. DKK 106.7 billion (approx. EUR 14.3 billion) acquisition of Schenker from Deutsche Bahn have been met, DSV – Global Transport and Logistics has formally completed the acquisition of Schenker, creating a world-leading player in the transport and logistics industry.

DSV A/S is pleased to announce the successful completion of its acquisition of Schenker from Deutsche Bahn on April 30, 2025. This transformative event marks the largest transaction in DSV’s history, significantly enhancing its global network, expertise, and competitive edge across all three divisions: Air &Sea, Road, Contract Logistics.

Jens H. Lund, Group CEO, DSV:

“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.”

Jochen Thewes, CEO, Schenker:

“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.”

It is estimated that the combined company will have a revenue of approximately DKK 310 billion (approx. EUR 41.6 billion) and a workforce of close to 160,000 employees across more than 90 countries.

The combination will strengthen DSV’s global network and competitiveness and provide access to new markets and talents at a crucial time for global trade and supply chains.

Besides greater reach and better opportunities to create truly end-to-end solutions for our customers, the acquisition strengthens DSV’s platform for future growth and the development of a more sustainable, flexible and digitalised transport and logistics industry.

The combined company aims to use the strengthened market position to continue to grow through enhanced service offerings and economies of scale, achieving industry-leading margins.

We are all DSV

From now, we are all DSV, a company capable of results unmatched in the industry and driven by a culture of performance, accountability, innovation and curiosity. Together, we are stronger, more knowledgeable, even better positioned to keep supply chains flowing.

Now, with significantly increased capacity in Air & Sea and Contract Logistics and the enhanced road network, as well as more than 150 years of logistics expertise from Schenker, we have built the foundation to become truly unbeatable.

The integration of Schenker and DSV will approach with due respect and careful consideration for customers, employees and stakeholders. It is very important for us to continue prioritising our customers, maintaining relationships with them and delivering at the high standards DSV and Schenker are known for.

The work is only just beginning, but today we can officially celebrate DSV and Schenker taking the first steps towards Winning As One.

If you have any questions, please feel free to reach out to your current account representative from DSV or Schenker.