DSV

DSV was established in 1976 under the Danish name De Sammensluttede Vognmænd af 13-7 1976 A/S. Business developer Leif Tullberg and nine independent hauliers created the organization to coordinate transport activity and provide a common platform for contract haulage and deliveries. During its first decade, DSV was primarily a domestic road-transport operation serving the interests and freight requirements of its founding hauliers rather than a fully international logistics group. The company began its international expansion in 1989 with the acquisition of Borup Autotransport A/S and Hammerbro A/S-Bech Trans. These transactions gave DSV a stronger export and cross-border foundation. It acquired Samson Transport Co. A/S in 1997 and Svex Group A/S in 1999, gradually increasing its Danish and European road-freight presence and building the organizational base for larger-scale consolidation. A decisive turning point came in 2000, when DSV acquired the DFDS Dan Transport Group. The transaction provided road-transport operations across Scandinavia, the United Kingdom, parts of continental Europe and the Baltic region. It also brought a broader logistics setup and helped connect DSV's road network to international freight activities. For a period, the operating activities used the DFDS Transport name, although the parent company retained its longer DSV-derived legal name. The corporate name was formally shortened to DSV A/S in 2003, and the transport activities were progressively rebranded as DSV from 2007. DSV strengthened its international forwarding capabilities with the acquisition of J.H. Bachmann in 2005. The following year, it acquired the Dutch Frans Maas Group, a major expansion that positioned DSV as a pan-European road and logistics provider and one of Europe's largest transport companies. The Frans Maas transaction increased network density, broadened the customer base and added logistics capabilities beyond traditional trucking. The purchase of ABX LOGISTICS in 2008 further internationalized the organization, including a stronger foothold in South America. During the same period, leadership passed from Leif Tullberg to Kurt K. Larsen and then to Jens Bjørn Andersen. Andersen became chief executive in 2008 and led DSV through a prolonged period of international growth, integration and acquisition-led expansion. In 2016, DSV acquired UTi Worldwide, a global supply-chain and logistics company. The transaction strengthened DSV's position in the United States, Africa and international forwarding, and helped move the company closer to the top tier of global logistics providers. In 2019, DSV agreed to combine with Swiss-based Panalpina Welttransport. The transaction, valued at approximately CHF 4.6 billion according to contemporary company and reference materials, was completed on 19 August 2019. DSV temporarily changed the parent-company name to DSV Panalpina A/S, while maintaining DSV A/S as a secondary name; the corporate name later returned to DSV A/S in 2021. In 2020, DSV announced plans to invest approximately DKK 2 billion in a major logistics center near Horsens, Denmark. The project reflected the company's continuing emphasis on warehouse scale, automation and contract-logistics infrastructure. DSV also announced the acquisition of South African courier company Globeflight Worldwide Express in late 2020; the transaction was completed in May 2021. In April 2021, DSV agreed to acquire Agility's Global Integrated Logistics business. The acquisition closed on 19 August 2021 and expanded DSV's presence in emerging markets while adding customers, facilities and logistics expertise. DSV subsequently reorganized its operating structure around Air & Sea, Road and Contract Logistics, with digital coordination and supply-chain design becoming increasingly important alongside physical transport. Jens H. Lund became Group CEO in February 2024 after previously serving as Group CFO, Group COO and Vice CEO. He inherited a company whose growth model relied on combining organic development with disciplined acquisitions and operational integration. The largest step in that model followed in September 2024, when DSV agreed to purchase Schenker from Deutsche Bahn for approximately EUR 14.3 billion. The transaction was completed on 30 April 2025. It brought together DSV and one of Europe's best-known freight-forwarding and contract-logistics businesses, significantly increasing scale across road, air, sea and warehousing services. After the Schenker transaction, DSV described the combined group as a global transport and logistics powerhouse. Its network expanded to more than 90 countries and more than 150,000 employees, while its service platform covered freight forwarding, road transport, contract logistics, customs, project forwarding and supply-chain management. By 2026, DSV was also emphasizing decarbonization through sustainable aviation fuel, marine biofuels, electric trucks and customer-specific emissions-reduction programs. The company's modern identity therefore combines its Danish road-haulage origins with a global, asset-light and technology-supported logistics model.

1. 2026DSV marks its 50th anniversary

   DSV's official milestone chronology identifies 2026 as the company's 50th anniversary year.

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2. 2025Completion of Schenker acquisition

   DSV completes the acquisition on 30 April 2025, substantially increasing the scale of its global road, forwarding and contract-logistics network.

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3. 2024Jens H. Lund becomes Group CEO

   Lund succeeds Jens Bjørn Andersen after previously holding senior finance and operations roles within DSV.

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4. 2024Agreement to acquire Schenker from Deutsche Bahn

   DSV agrees to purchase Schenker for approximately EUR 14.3 billion, initiating the largest transaction in DSV's history.

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5. 2021Acquisition of Agility Global Integrated Logistics

   The completed acquisition adds a strong emerging-markets footprint and broadens DSV's integrated logistics offering.

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6. 2020Announcement of major logistics center near Horsens

   DSV announces plans for a large logistics center near Horsens, reflecting continued investment in contract-logistics infrastructure.

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7. 2019Combination with Panalpina Welttransport

   The transaction expands DSV's air and sea forwarding activities and makes the group one of the world's largest freight-forwarding companies.

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8. 2016Acquisition of UTi Worldwide

   DSV acquires the global supply-chain company UTi Worldwide, strengthening its presence in the United States, Africa and international forwarding.

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9. 2008Acquisition of ABX LOGISTICS and appointment of Jens Bjørn Andersen as CEO

   ABX LOGISTICS adds international scale and entry into South America, while Andersen becomes chief executive.

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10. 2006Acquisition of Frans Maas Group

    The Dutch acquisition makes DSV a major pan-European road transport and logistics provider.

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11. 2005Acquisition of J.H. Bachmann and leadership transition

    J.H. Bachmann strengthens DSV's international air and sea transport activities. Leif Tullberg retires as CEO and Kurt K. Larsen succeeds him.

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12. 2003Corporate name shortened to DSV A/S

    The parent company's long legal name is formally shortened to DSV A/S.

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13. 2000Acquisition of DFDS Dan Transport Group

    The transaction gives DSV road operations across Scandinavia, the United Kingdom, continental Europe and the Baltics, together with logistics capabilities and a broader international network.

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14. 1999Acquisition of Svex Group A/S

    DSV adds another transport business before its transformational DFDS Dan Transport transaction.

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15. 1997Acquisition of Samson Transport Co. A/S

    The purchase expands DSV's Danish and regional transport platform.

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16. 1989Entry into international transport through two acquisitions

    DSV acquires Borup Autotransport A/S and Hammerbro A/S-Bech Trans, beginning a more deliberate move into international road and export transport.

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17. 1976DSV is founded by nine independent Danish hauliers and Leif Tullberg

    The organization is established under the name De Sammensluttede Vognmænd af 13-7 1976 A/S as a cooperative transport platform for its founding hauliers.

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A global, asset-light and acquisition-led logistics integrator combining road transport, freight forwarding, warehousing and supply-chain management across a broad international network.

• DSV RoadRoad transport

  DSV Road provides domestic and cross-border road freight across Europe and other major markets. Services include groupage, less-than-truckload, full-truckload, palletized freight, time-sensitive deliveries, customs support, distribution and specialized transport. The division coordinates a broad carrier network and uses terminals, hubs, digital shipment management and customer-specific solutions to connect manufacturers, wholesalers, retailers and other shippers. It is a central part of DSV's historic identity and remains important to the group's European network density.

• DSV Air & SeaAir and ocean freight forwarding

  DSV Air & Sea arranges international cargo movements by air and ocean, acting as a freight forwarder rather than an airline or ocean carrier. Its services include full-container and less-than-container-load ocean freight, airfreight consolidation, direct and charter solutions, customs coordination, origin and destination handling, shipment visibility and project forwarding. The division also supports customers with multimodal routing, emergency freight, trade-lane design and emissions-reduction options such as sustainable aviation fuel and lower-carbon marine transport.

• DSV Contract LogisticsContract logistics and warehousing

  DSV Contract Logistics operates warehousing and distribution programs for customers that outsource part or all of their supply-chain execution. The offering can include inbound receipt, storage, inventory control, order fulfillment, picking and packing, postponement, returns, kitting, repair, labeling and final distribution. Facilities and processes are adapted to sectors such as retail, healthcare, automotive, technology, industrial goods and consumer products. The division also supports integrated logistics programs combining warehousing with transport and digital planning.

• DSV Lead LogisticsSupply-chain management

  Lead Logistics services, often associated with fourth-party logistics, are designed for customers seeking centralized control over complex, multi-provider supply chains. DSV can coordinate carriers, suppliers, warehouses, freight forwarders, transport modes, customs processes and performance data through a single operating model. The service is intended to improve visibility, planning, procurement, resilience and cost control while allowing customers to retain strategic oversight of their supply chains. It complements DSV's physical forwarding and contract-logistics operations.

• DSV Project Transport and Specialized ForwardingProject logistics

  Project transport services handle cargo that is oversized, heavy, time-critical, hazardous, high-value or operationally complex. DSV coordinates route surveys, permits, engineering input, multimodal transport, chartering, site delivery and other specialized requirements for sectors including energy, infrastructure, manufacturing, mining and construction. The activity may involve full or part charter airfreight, ocean project cargo, road convoys, customs management and delivery to difficult or remote destinations.

• 2026Sustainable aviation fuel collaboration

  Global

  DSV joined Microsoft, United Airlines and Phillips 66 in a collaboration intended to make a large volume of sustainable aviation fuel available through coordinated demand and supply arrangements. The initiative links a logistics customer, an airline and a fuel producer in support of lower-emission air transport.

  Outcome. The announced collaboration was expected to unlock up to 11 million gallons of sustainable aviation fuel and support an estimated reduction of approximately 100,000 tonnes of lifecycle greenhouse-gas emissions compared with conventional jet fuel.

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• 2026Hapag-Lloyd and DSV marine decarbonisation partnership

  Global ocean freight

  DSV expanded its cooperation with Hapag-Lloyd through a Ship Green framework agreement using sustainable marine fuels and a book-and-claim structure to address Scope 3 emissions associated with ocean transport.

  Outcome. The two-year agreement covered 18,000 tonnes of carbon-dioxide-equivalent emission reductions during the contracted period beginning in 2026.

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• 2025Integrate Schenker and reorganize post-acquisition leadershipStrategy

  Following completion of the Schenker acquisition, DSV needed to combine two large organizations while preserving operational continuity and clarifying divisional accountability.

  What changed. DSV appointed new leaders for Road, commercial activities and people operations, while retaining the existing Executive Board and applying a best-athlete approach to integration appointments.

  Aftermath. The enlarged group proceeded with integration under a three-division structure covering Air & Sea, Road and Contract Logistics.

  Combined pro forma revenue. Approximately DKK 310 billion (Based on full-year 2024 figures; announced before completion of the Schenker transaction)

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• 2024Agree to acquire Schenker from Deutsche BahnM&A

  DSV pursued a transformational expansion in freight forwarding, contract logistics and road transport, particularly across Europe and Asia-Pacific.

  What changed. DSV agreed to purchase 100% of Schenker's global freight-forwarding and contract-logistics business from Deutsche Bahn.

  Aftermath. The agreement created the basis for a much larger combined logistics group and became the largest transaction in DSV's history.

  Purchase price. Approximately EUR 14.3 billion (Agreement announced in September 2024; transaction completed 30 April 2025)

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• 2021Acquire Agility's Global Integrated Logistics businessM&A

  DSV sought additional scale in emerging markets and a broader integrated logistics portfolio after the Panalpina combination.

  What changed. DSV agreed terms to acquire Agility's Global Integrated Logistics business and completed the transaction on 19 August 2021.

  Aftermath. The acquisition strengthened DSV's position in emerging markets and expanded its contract-logistics and forwarding capabilities.

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• 2019Combine with Panalpina WelttransportM&A

  DSV aimed to increase scale in global air and sea forwarding and strengthen its position among the world's largest logistics providers.

  What changed. DSV agreed to and completed the acquisition of Panalpina Welttransport in August 2019.

  Aftermath. The combined company became one of the world's largest freight-forwarding groups. The parent company temporarily adopted the name DSV Panalpina A/S before returning to DSV A/S in 2021.

  Transaction value. Approximately CHF 4.6 billion (Announced 1 April 2019; completed 19 August 2019)

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• 2016Acquire UTi WorldwideM&A

  The acquisition was intended to strengthen DSV's global forwarding platform and expand its presence in North America and Africa.

  What changed. DSV acquired UTi Worldwide, a global supply-chain and logistics company.

  Aftermath. The deal expanded DSV's international customer base and forwarding network, particularly in the United States and Africa.

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• 2006Acquire Frans Maas GroupM&A

  DSV sought to increase road-network density and become a major pan-European logistics provider.

  What changed. DSV acquired the Dutch Frans Maas Group and integrated its transport and logistics operations.

  Aftermath. DSV became one of Europe's largest road and logistics companies, with a stronger pan-European footprint.

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• 2000Acquire DFDS Dan Transport GroupM&A

  DSV needed broader international road coverage and a platform connecting its Danish roots with European and global logistics markets.

  What changed. DSV acquired DFDS Dan Transport Group, gaining road operations across Scandinavia, the United Kingdom, continental Europe and the Baltics, together with logistics capabilities.

  Aftermath. The transaction transformed DSV from a primarily Danish haulier into a substantially more international transport and logistics group.

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• 2026DSV collaborates with Microsoft, United Airlines and Phillips 66 on sustainable aviation fuel

  The companies announced a collaboration intended to unlock up to 11 million gallons of sustainable aviation fuel and support an estimated reduction of approximately 100,000 tonnes of lifecycle greenhouse-gas emissions compared with conventional jet fuel.

  CampaignOther
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• 2026DSV and Hapag-Lloyd expand marine decarbonisation partnership

  DSV and Hapag-Lloyd signed a two-year framework agreement covering 18,000 tonnes of carbon-dioxide-equivalent emission reductions generated through sustainable marine fuels.

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• 2025DSV completes acquisition of Schenker from Deutsche Bahn

  DSV completed the purchase of 100% of Schenker's global freight-forwarding and contract-logistics business on 30 April 2025. The transaction doubled DSV's approximate scale and materially expanded its network, capabilities and market presence.

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• 2025DSV announces post-acquisition executive management changes

  Ahead of the Schenker closing, DSV announced leadership appointments involving Helmut Schweighofer, Vishal Sharma and Saskia Blochberger, while outlining changes affecting road, commercial and people functions.

  Leadership changeM&A
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• 2021DSV changes parent-company name back from DSV Panalpina A/S

  Following the integration of Agility's Global Integrated Logistics business, the parent company reverted from DSV Panalpina A/S to DSV A/S, restoring the group's established corporate name.

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• 2021DSV completes acquisition of Agility Global Integrated Logistics

  DSV completed its acquisition of Agility's Global Integrated Logistics business, strengthening its position in emerging markets and expanding its logistics service portfolio.

  M&A
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• 2019DSV completes Panalpina transaction

  DSV completed its combination with Panalpina Welttransport, creating one of the world's largest freight-forwarding organizations and expanding DSV's global air and sea capabilities.

  M&A
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• 2016DSV acquires UTi Worldwide

  The acquisition of UTi Worldwide expanded DSV's international supply-chain platform and strengthened its presence in the United States and Africa.

  M&A
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1. DSV (company)
2. DSV name history
3. DSV milestones
4. DSV completes the acquisition of Schenker
5. DSV announces changes to its executive management
6. DSV Group CEO Jens H. Lund
7. DSV Board of Directors
8. DSV Fact Sheet
9. DSV environmental targets and roadmap
10. DSV and Hapag-Lloyd expand decarbonisation partnership
11. DSV sustainable aviation fuel collaboration