In Germany, it is one of the biggest public company sales in recent years, the Danish logistics group DSV buys its rival, the German Schenker, a subsidiary of the railway company Deutsche Bahn. The operation worth 14.3 billion euros, which is intended to reduce the debt of the German public company, will give birth to a global logistics giant.
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Together, DSV and Schenker, present in more than 90 countries, have a turnover of 40 billion euros and employ nearly 150,000 people worldwide. Enough to place the new group among the logistics heavyweights alongside other giants such as DHL, UPS and FedEx.
In GermanyDeutsche Bahn had launched the sale of Schenker, one of its subsidiaries, profitable at the end of 2023, to relieve its debts. This operation comes at a time when the German railway company is seeking several billion euros to renovate its aging railway network.
Investments and social plan
For its part, the Danish group DSV, which has been increasing its number of company acquisitions in recent years, is planning to invest more than 1 billion euros in Germany over the next five years.
The acquisition of Schenker is expected to be accompanied by a social plan. Between 1,600 and 1,900 jobs will be cut, according to a spokesman for the Danish group, interviewed by Bloomberg. The unions fear that it will be much more. According to them, a third of the jobs could be threatened.
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