DSV A/S Signs Landmark Agreement to Acquire Schenker for EUR 14.3 Billion

DSV A/S has signed an agreement with Deutsche Bahn to acquire Schenker AG for EUR 14.3 billion. This all-cash deal will create a combined revenue of DKK 293 billion. The transaction is set to complete in Q2 2025 and is expected to be EPS accretive in the second year post-closing.

DSV A/S has announced a monumental agreement to acquire Schenker from Deutsche Bahn for EUR 14.3 billion. This transaction is set to complete by Q2 2025 and is expected to bring substantial revenue growth.

The acquisition will be financed through a mix of EUR 4-5 billion in equity and debt financing. Following the completion, DSV expects the transaction to be earnings-per-share (EPS) accretive by the second year.

Despite the significant acquisition, DSV's financial guidance for 2024 remains unchanged, and the company has decided to discontinue its planned DKK 1.5 billion share buyback programme.

(With inputs from agencies.)