News / Headcount concerns threaten DSV's potential DB Schenker buy – analyst

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Following its last three major acquisitions – UTi, Panalpina and Agility – DSV dismissed around 45% of the new employees as the businesses were integrated – a strategy which could stymie its potential acquisition of Deutsche Bahn-owned DB Schenker, according to analysis by Bernstein.

“DSV is the logical buyer of DB Schenker; it is worth the most to them, and they should be able to pay the most for it. Execution risk is limited, with a longstanding top team that have ...