(IN BRIEF) Deutsche Bahn has agreed to sell its logistics subsidiary, DB Schenker, to Danish company DSV for €14.8 billion. The deal, expected to complete in 2025, will help Deutsche Bahn focus on its core rail business and reduce debt, while DSV plans to invest €1 billion in Germany and expand Schenker’s operations. The merger aims to create a global leader in logistics, benefiting employees and customers. Approval from Deutsche Bahn’s Supervisory Board and the German government is still required for the transaction to proceed.
(PRESS RELEASE) BERLIN, 14-Sep-2024 — /EuropaWire/ — Danish transport and logistics giant DSV has agreed to purchase Deutsche Bahn’s subsidiary, DB Schenker, for an enterprise value of €14.3 billion, with the total sales value expected to reach €14.8 billion. The deal, subject to approval from Deutsche Bahn’s Supervisory Board and the German government, is set to finalize in 2025. DSV aims to invest around €1 billion in Germany over the next three to five years, strengthening its position in the global logistics market.
The acquisition is part of Deutsche Bahn’s strategic focus on its core business, prioritizing rail infrastructure and climate-friendly transport under its “Strong Rail” strategy. Proceeds from the sale will be used to significantly reduce Deutsche Bahn’s debt and support long-term growth in rail services. DSV’s acquisition will create one of the largest global logistics players, with a commitment to expanding jobs and investment in Germany.
DB Schenker, with over 72,700 employees across 130 countries, will benefit from DSV’s global reach and market position. Both companies aim to build a market-leading logistics provider, ensuring long-term growth and sustainability in the industry.
Richard Lutz, CEO of Deutsche Bahn, emphasized the sale’s importance in aligning with DB’s long-term strategic goals, while DSV’s CEO, Jens H. Lund, highlighted the growth opportunities and strengthened competitiveness the merger will bring to the logistics sector.
DB Schenker is one of the world’s leading logistics service providers. The company offers land transportation, air and sea freight as well as comprehensive logistics solutions and global supply chain management from a single source. With the goal of a sustainable future for the logistics industry, the company continuously invests in innovative transportation solutions, renewable energies and low-emission products for its customers.
About Deutsche Bahn AG
The DB Group is a leading provider in the mobility and logistics sector. The DB Group essentially consists of the rail system group and the major international subsidiary DB Schenker. The “Systemverbund Bahn” comprises the passenger transport activities in Germany, the rail freight activities, the operational service units and the railroad infrastructure companies. The DB Group, headquartered in Berlin, employs around 340,000 people. The focus of its business activities is on rail transportation in Germany.
About DSV
At DSV, we keep supply chains flowing in a world of change. We provide and manage supply chain solutions for thousands of companies every day – from the small family-run business to the large global corporation. Our reach is global, yet our presence is local and close to our customers. More than 74,000 employees in over 80 countries work passionately to deliver great customer experiences and high-quality services. We aspire to lead the way towards a more sustainable future for our industry and are committed to trading on nature’s terms.
DSV is a dynamic organization that fosters inclusivity and diversity. We conduct our business with integrity, respecting different cultures and the dignity and rights of individuals.
Visit dsv.com and follow us on LinkedIn, Facebook and Twitter.
Media Contact:
Andrea Brandt
Head of Communications Political Affairs, Finance and Sustainability
email: presse@deutschebahn.com
Tel: +49 (0) 30 297-61030
SOURCE: Deutsche Bahn AG
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