Danish Freight Firm DSV Buys German Rival for €14.3 Billion
- Deal turns Danish firm into world’s largest freight-forwarder
- DSV beats buyout firm CVC in race to acquire DB Schenker
A DB Schenker logistics hub in Berlin.
Photographer: Liesa Johannssen/BloombergThis article is for subscribers only.
DSV A/S agreed to buy a Deutsche Bahn AG unit in a €14.3 billion ($15.9 billion) deal that will turn the Danish company into one of the world’s largest logistics businesses.
DSV signed an agreement to acquire DB Schenker in an all-cash transaction, it said Friday. The deal, which confirms an earlier Bloomberg News report, has an equity value of €11 billion. It’s one of the largest sales of a state-owned business in Germany in years.