What did DSV A/S pay for DB Schenker?

DSV A/S acquired DB Schenker for $15.40B in 2025 (10.3x EBITDA), equivalent to 0.74x revenue. Target revenue was approximately $20900.0M. Target EBITDA was approximately $1500.0M.

What multiple did DSV A/S pay for DB Schenker?

10.3x EBITDA and 0.74x revenue, based on disclosed deal value of $15.40B and disclosed financials.

M&A TRANSACTION · 2025

DB Schenker acquired by DSV A/S

$15.40B· 10.3x EBITDA· 0.74x revenue

Target

DB Schenker

Essen, Germany

Global freight forwarding and logistics provider with 71,100 employees at 1,850+ locations in 130+ countries

Acquirer

DSV A/S

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$20900.0M

EBITDA

$1500.0M

Deal Value

$15.40B

EV/EBITDA

10.3x

Context

This $15.40B acquisition of DB Schenker by DSV A/S sits in the 3pl sub-vertical. The 10.3x EBITDA multiple paid in 2025 can be compared against the population median for 3pl transactions of similar size on our 3pl valuation hub. DSV A/S is acquiring as a strategic buyer; see how strategic acquirers typically price 3pl businesses on our 3pl strategic buyer-pool page.

Source

Data sourced from DSV Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2025). DB Schenker acquired by DSV A/S. https://exitvalue.ai/deals/db-schenker-acquired-by-dsv-as-transportati