The European Commission has approved DSV’s planned takeover of DB Schenker following the acquisition announcement last year.
Danish forwarder DSV confirmed that it had signed a deal to take over German logistics giant DB Schenker from Deutsche Bahn last September. The € 14.3bn purchase deal will create the world’s largest freight forwarder.
Following the sale announcement in September 2024, the supervisory board of Deutsche Bahn approved the sale of DB Schenker to DSV in October 2024.
DSV’s acquisition of DB Schenker has not been a simple process. As well as approvals from Deutsche Bahn’s board and the German Federal Ministry for Digital and Transport, DSV has had to obtain approval from a several authorities.
Takeover clearance
Now the EU has cleared the takeover, DSV is awaiting a decision by the US Department of Justice. DSV said in February that it expected to close its acquisition of DB Schenker in the second quarter of 2025.
DSV said that it expected the acquisition, which is larger than all its previous deals combined, to further strengthen its airfreight business.
“The Air & Sea division will be significantly strengthened and will after the integration move more than 4mn TEU of sea freight and around 2.5mn tonnes of airfreight every year,” the company said in a statement.
