Overview

• The €14.3 billion sale of DB Schenker to Danish logistics giant DSV marks the largest transaction in the history of Deutsche Bahn and the logistics industry.
• Deutsche Bahn plans to use the full proceeds to reduce its net financial debt, targeting €26–28 billion by the end of 2025.
• DSV aims to integrate DB Schenker into its network, creating a global logistics leader with projected annual revenues of €41.5 billion and a workforce of nearly 160,000.
• Concerns over job security have emerged, as internal DSV plans suggest 1,600–1,900 administrative positions at DB Schenker in Germany may be cut in the mid-term.
• The sale enables Deutsche Bahn to refocus on its core rail operations, though it parts with one of its most profitable divisions, which generated an operating profit of €1 billion in 2024.