Danish Company Set to Become World’s Largest Freight Forwarder
Danish logistics company DSV A/S has agreed to purchase DB Schenker, a unit of Deutsche Bahn AG, in a $15.9 billion deal that will catapult DSV into one of the world’s largest freight forwarding and supply chain management firms. The all-cash transaction, announced Sept. 13, marks one of the biggest sales of a state-owned business in Germany in recent years.
