After DSV 'cuts the cake' on Schenker acquisition, time for redundancies?
Denmark’s DSV has formally closed its €14.3bn ($16.14bn) acquisition of DB Schenker – the biggest ...
By Alex Lennane
It’s done. DSV has taken over UTi, as of this morning and is now the fourth largest freight forwarder in the world, with 50% more revenue. The sea and air division is expected to be most affected by the acquisition, and some job losses are expected, say insiders who added that “the work begins now”.
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