DSV wins bid to acquire DB Schenker
HEDEHUSENE : Danish logistics giant DSV has secured the bid to acquire DB Schenker, the rail logistics division of Deutsche Bahn (DB), for around €14b. According to Reuters, sources within the DB railway sector and
Maersk withdraws from DB Schenker takeover – Will this clear path for DSV?
COPENHAGEN : Danish container shipping giant Maersk is no longer interested in acquiring German logistics company DB Schenker, according to Reuters, due to possible future integration challenges. DB Schenker’s mother company Deutsche Bahn launched a
DSV reports US$5.5 billion revenue in 2024 first quarter
COPENHAGEN : DSV kicked off 2024 on a high note, securing increased market share across all divisions. The first-quarter results are as expected and signify the stabilization of freight markets, said the company. During
Maersk still in the race for DB Schenker’s acquisition : CEO
COPENHAGEN : After DHL withdrew from the race of DB Schenker’s acquisition last week, Danish shipping company DSV appeared to be the sole remaining candidate to proceed with the purchase. However, another player claims
DSV and Saudi Arabia’s NEOM establish $10bn logistics joint venture
COPENHAGEN : DSV and Saudi Arabia’s ‘NEOM’ special economic zone have announced a $10bn logistics joint venture (JV) to support the development of NEOM Projects. The JV will focus on providing ground, sea and
DSV enables customers to reduce emissions with decarbonisation solutions across transport modes
DENMARK : DSV has invested in large quantities of sustainable fuel in order to provide customers with decarbonisation solutions via its new “book and claim” solution. The solution gives DSV’s customers easy access to
DSV expands operations in the US and launches new air charter routes
DENMARK : DSV has established new operations at the Phoenix-Mesa Gateway Airport, which will include two new air charter routes as well as its own airport hangar and ground-handling equipment. This will support DSV’s
DSV to acquire two US-based logistics firms to boost semiconductor service offerings
DENMARK : DSV has reached agreements to acquire US-based transport and logistics companies S&M Moving Systems West and Global Diversity Logistics. These acquisitions will strengthen DSV’s position within the semiconductor industry, align with its