COPENHAGEN (Reuters) - DSV is on the verge of becoming the world's biggest logistics firm after agreeing to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion).
DSV, a logistics firm that started as a small enterprise of 10 truckers in 1976, has grown rapidly through a string of successful acquisitions - some larger than the company itself - in a crowded logistics market.
WHAT IS DSV?
Beginning with 10 truckers in 1976, DSV has more than 75,000 employees today. Combined with Schenker, the company will have a workforce of 147,000 and revenue of 293 billion Danish crowns ($43.52 billion) based on 2023 results, more than Danish drug company Novo Nordisk.
DSV handles everything from shipments of single pallets to managing the entire supply chain for multinational corporations.
