DSV has acquired Deutsche Bahn's logistics business, Schenker, for $15.95 billion, enhancing its competitive position in the logistics sector and paving the way for significant growth opportunities.
Deal Overview
Danish logistics giant DSV has announced its most significant acquisition to date by acquiring Deutsche Bahn's logistics business, Schenker, in an all-cash transaction valued at $15.95 billion. This acquisition positions DSV, a leading global transport and logistics company, to enhance its operations in air, sea, and road transportation. Schenker, a well-established leader in logistics within Germany, brings over 150 years of industry expertise to the combined entity.
Target Information: Deutsche Bahn's Logistics Business (Schenker)
Deutsche Bahn (DB) operates as Germany's state-owned railway company and is a prominent player in global transportation and logistics. Its subsidiary, DB Schenker, serves as a vital component of its business model, providing customized supply chain solutions across various sectors including land transport, air and ocean freight, and contract logistics. Founded in 1935 and headquartered in Dallas, Texas, Schenker has a workforce of approximately 13,300 employees and boasts strong financials with a recent revenue of $5.7 billion.
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Industry Overview in Germany
The logistics sector in Germany is a pivotal player in the European economy, known for its advanced infrastructure and sophisticated supply chain management techniques. With a strong emphasis on innovation and sustainability, companies in this in
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DSV
invested in
Deutsche Bahn’s Logistics Business (Schenker)
in 2025
in a Other deal
Disclosed details
Transaction Size: $15,950M
Revenue: $5,700M
EBITDA: $2,300M
Enterprise Value: $18,900M
Equity Value: $11,990M
Multiples
EV/EBITDA: 8.2x
EV/Revenue: 3.3x
P/Revenue: 2.1x