DSV acquires DB Schenker for $15.4 billion
According to the latest report from Reuters, after a long time and multiple rounds of bidding, Danish freight forwarding giant DSV successfully acquired the logistics subsidiary of German state-owned rail operator DB Schenker.
Preliminary contracts for the deal, valued at 14 billion euros ($15.4 billion), are expected to be signed in the coming days, according to people familiar with the matter. The deal must also be approved by Deutsche Bahn's supervisory board, which is made up of government, parliament and trade union representatives.
The sale of DB Schenker dates back to 2022, and in December of that year, the Supervisory Board of DB Group issued a statement saying that it had entrusted the Management Board to review and prepare for the sale of up to 100% of DB Schenker's shares.
For the reasons for the sale, DB Group has explained that from the perspective of DB Schenker's medium-term development strategy, it needs more financial resources and stronger independent operating capabilities, in order to maintain and improve its market position. Therefore, the sale of DB Schenker can bring new development opportunities and performance growth.
In addition, DB Group also hopes to obtain a high income from the sale of DB Schenker. Deutsche Bahn's chief financial officer, Dr.Levin Holle, has stressed that Deutsche Bahn would only consider a sale of DB Schenker if a bidder offered a price favorable to the company.
For the acquisition of DB Schenker, a number of shipping giants, freight forwarding giants have shown strong interest.
Maersk CEO Vincent Clerc said bluntly that no matter who acquires Deutsche Railway Schenker, it will have a great impact on the market and change the logistics industry.
DSV has always been the most vocal bidder, and the success of this bid once again reflects DSV's consistent acquisition genes. However, how to integrate such a large volume of business will be a big challenge.
Preliminary contracts for the deal, valued at 14 billion euros ($15.4 billion), are expected to be signed in the coming days, according to people familiar with the matter. The deal must also be approved by Deutsche Bahn's supervisory board, which is made up of government, parliament and trade union representatives.
The sale of DB Schenker dates back to 2022, and in December of that year, the Supervisory Board of DB Group issued a statement saying that it had entrusted the Management Board to review and prepare for the sale of up to 100% of DB Schenker's shares.
For the reasons for the sale, DB Group has explained that from the perspective of DB Schenker's medium-term development strategy, it needs more financial resources and stronger independent operating capabilities, in order to maintain and improve its market position. Therefore, the sale of DB Schenker can bring new development opportunities and performance growth.
In addition, DB Group also hopes to obtain a high income from the sale of DB Schenker. Deutsche Bahn's chief financial officer, Dr.Levin Holle, has stressed that Deutsche Bahn would only consider a sale of DB Schenker if a bidder offered a price favorable to the company.
For the acquisition of DB Schenker, a number of shipping giants, freight forwarding giants have shown strong interest.
Maersk CEO Vincent Clerc said bluntly that no matter who acquires Deutsche Railway Schenker, it will have a great impact on the market and change the logistics industry.
DSV has always been the most vocal bidder, and the success of this bid once again reflects DSV's consistent acquisition genes. However, how to integrate such a large volume of business will be a big challenge.
