DSV outlines job and investment plans if it lands DB Schenker
Danish shipping and logistics giant DSV has unveiled plans to create 2,000 jobs and invest heavily in terminals and warehouses across Europe if it is successful in acquiring German rival DB Schenker.
The proposed deal, which is currently being reviewed by the European Commission, would create one of the world's largest logistics companies with a combined revenue of around €24 billion.
DSV has said that it plans to invest €1 billion in terminals and warehouses across Europe over the next three years, with a particular focus on Germany, France, Italy, and Spain.
The company also said that it plans to create 2,000 new jobs in Europe, with a focus on sales, customer service, and operations.
DSV's plans are contingent on the European Commission approving the proposed acquisition of DB Schenker.
The European Commission is currently reviewing the deal and is expected to make a decision by the end of the year.
If the deal is approved, DSV will become one of the world's largest logistics companies.
The company will have a combined revenue of around €24 billion and a workforce of over 70,000 employees.
DSV's plans to invest in terminals and warehouses and create new jobs will help to strengthen its position in the European logistics market.
The deal will also give DSV a stronger presence in the German market, which is the largest logistics market in Europe.
The proposed acquisition of DB Schenker is a major step in DSV's growth strategy.
The deal will give DSV a stronger presence in the European logistics market and will help to solidify its position as one of the world's leading logistics companies.
The deal is expected to close by the end of the year, subject to the approval of the European Commission.
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