DB Schenker sale discussions back on the agenda

Photo: DB Schenker

Discussions around the future of freight forwarding giant DB Schenker have been back on the agenda in the last few days.

Last week, Deutsche Post-owned DHL Global Forwarding chief executive Tim Scharwath told Reuters that his company is in a position to integrate a large acquisition.

He added that if Deutsche Bahn-owned DB Schenker were put up for sale, Deutsche Post would have to examine whether it would be a good fit and also whether any deal would be financially attractive.

DHL would also need to examine how complex the integration would be, he said, adding that at this stage it was still unclear whether DB Schenker would even be put up for sale.

Scharwath’s comments echoed those of Deutsche Post – at the time – chief executive Frank Appel who said there would be three criteria for any acquisition: Does that company make us better, is it easy to integrate and is it accretive?

In December, Deutsche Bahn assembled a team to examine the potential sale of up to 100% of DB Schenker.

Meanwhile, it was recently reported by Bloomberg that Deutsche Bahn is open to selling its forwarding business to a financial or strategic investor.

The same report valued DB Schenker at around $20bn. Deutsche Bahn is weighing up the sale of a full or partial stake, Bloomberg said.

Reports have also suggested that Goldman Sachs, Morgan Stanley and Deutsche Bank have been appointed for the potential sale.

The discussion around a potential DHL bid for DB Schenker comes as the company has lost its position as the leading airfreight forwarder to Kuehne+Nagel following its acquisition of Apex Logistics. 

Meanwhile, others have continued to close in on DHL Global Forwarding, with DSV making a series of purchases over the last few years and in recent days, CEVA’s expected integration of Bollore and Nippon Express’ takeover of cargo-partner.

DP DHL outlines criteria for any DB Schenker bid

Three banks selected for DB Schenker sale

Deutsche Bahn prepares for the sale of DB Schenker



Share this story

Related Topics

Latest business news

Worsening containership market keeps the pressure on air cargo

The recent deterioration in the ocean shipping market could be pushing more cargo to airfreight following the impact of the…

Read More

Share this story

Yusen Logistics expands Hong Kong Airport feedership operation

Yusen Logistics (Shenzhen) has started handling import air cargo at its Dongguan Humen Bonded Logistics Park (BLP) site using feeder…

Read More

Share this story

Warnings of potential east coast US container port strikes

Talks between US ports and port worker representatives over a new labour contract have broken down this week raising the…

Read More

Share this story

Damian Brett

Damian Brett
I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector.After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015.Contact me on [email protected]