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DSV clears final closing conditions for Schenker acquisition

Deal creates world’s largest forwarder

Stuart Chirls
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(Photo: DSV)
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Key Takeaways:

  • DSV has completed its acquisition of DB Schenker.
  • The acquisition officially closes on April 30th.
  • The combined company will have $43.5 billion in revenue and approximately 147,000 employees.
  • The merger surpasses Kuehne+Nagel as the world's largest forwarder.
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DSV on Tuesday said it had fulfilled the final closing conditions for its acquisition of German logistics provider Schenker. 

Logistics provider DSV (DSV:CO) on Tuesday said it had cleared the final regulatory hurdles for its acquisition of DB Schenker of Germany.

Denmark-based DSV announced in September that it was acquiring Schenker from German national railroad Deutsche Bahn in a deal that would create a combined entity with revenue of $43.5 billion, ranking ahead of current leading global forwarder Kuehne+Nagel of Switzerland, at $28.11 billion. The joint workforce will total around 147,000 employees at 1,850 locations in more than 130 countries.

The acquisition will be officially completed on April 30, DSV said.

Find more articles by Stuart Chirls here.

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Stuart Chirls

Stuart Chirls is a journalist who has covered the full breadth of railroads, intermodal, container shipping, ports, supply chain and logistics for Railway Age, the Journal of Commerce and IANA. He has also staffed at S&P, McGraw-Hill, United Business Media, Advance Media, Tribune Co., The New York Times Co., and worked in supply chain with BASF, the world's largest chemical producer. Reach him at stuartchirls@firecrown.com.