News / DSV completes DB Schenker buy as it notes strong Q1 performance by Air & Sea

Source: DSV

Danish 3PL DSV formally completed its €14.3bn ($16.3bn) acquisition of German peer DB Schenker today, cementing its position as the world’s largest freight forwarder.

The deal was concluded as DSV announced first-quarter financial results that showed 4.8% year-on-year growth in ebit, due to strong performance in its Air & Sea Forwarding division.

CEO Jens Lund said: “With this acquisition, we become a world-leading player in global transport and logistics, at a time when global supply chains are more in focus than ever before, ...