The European Commission (EC) has approved Danish firm DSV’s planned takeover of DB Schenker following an announcement of its plan last year.
Schenker is currently a wholly-owned subsidiary of German rail group Deutsche Bahn and it agreed to sell its logistics arm in September 2024 in a £12bn deal.
In a statement the EC said the transaction related to freight forwarding and contract logistics services and it had concluded the deal would not raise competition concerns, given its limited impact on competition in the markets where the companies are active.
“In particular, the Commission examined the effects of the transaction in several national markets for land, air and sea freight forwarding and contract logistics services in the European Economic Area,” it said.
“The Commission found that the transaction does not raise concerns given the fragmented nature of such markets, and the existence of several alternative providers to which customers could switch following the transaction.”
At the time of the initial announcement last year, DSV group chief executive Jens H. Lund said it had a clear plan for becoming one of the world’s leading transport and logistics companies.
