Transport and logistics company, DSV, has completed the acquisition of Schenker from Deutsche Bahn for approx. $25 billion.
The acquisition, finalised on 30 April, will result in the creation of a world-leading player in the transport and logistics industry.
It is also the largest transaction in DSV’s history, doubling its size and significantly enhancing its global network, expertise and competitive edge across its three divisions.
The combined entity will have a workforce of close to 160,000 employees based across more than 90 countries.
“With the completion of the acquisition of Schenker, we have reached a milestone in the history of DSV,” said DSV CEO, Jens Lund.
“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.”
Schenker CEO Jochen Thewes said: “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.”
In other news, Freight Assist Australia has deployed a new B-triple.
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