Comment / M&A landscape: nothing chunky to buy, lots to break up

ID 186256934 © Albund | Dreamstime.com

Waiting for the integration of Schenker to start by mid-2025, the €14.3bn DSV takeover still subject to various approvals, crucially including tomorrow’s vote by Deutsche Bahn’s supervisory board, it’s quite depressing to think about the next major M&A in forwarding. And logistics, more broadly.

Given ’DSV Schenker risk’ for the combined entity’s direct rivals, let’s go with a handy recap starting from the two apparent losers from Switzerland and Germany.

“In any case DHL, Kuehne + Nagel are not sleeping giants, they ...