Danish container shipping giant Maersk is no longer interested in acquiring German logistics company DB Schenker, according to Reuters, due to possible future integration challenges.
DB Schenker’s mother company Deutsche Bahn launched a sale process last year.
Maersk said it was considering the takeover of DB Schenker, but Vincent Clerc, CEO of the Danish ocean career, recently stated, “Our investigation confirmed DB Schenker as an interesting company … But the in-depth review also identified areas of challenges from an integration perspective.”
Clerc noted, “We concluded that acquiring DB Schenker would not be the right thing to do for our business at this time.”
Maersk’s withdrawal could pave the way for its compatriot transport company DSV, which had also reached the final round of the sale process.
