Maersk Pulls Out of DB Schenker Acquisition

Danish container shipping giant Maersk has decided against acquiring the German logistics company DB Schenker, citing potential future integration issues, according to Reuters.

Deutsche Bahn, DB Schenker's parent company, initiated the sale process last year. Maersk had been considering the acquisition, but Vincent Clerc, CEO of the Danish shipping firm, recently commented, "Our investigation confirmed DB Schenker as an interesting company ... But the in-depth review also identified areas of challenges from an integration perspective."

Clerc added, "We concluded that acquiring DB Schenker would not be the right thing to do for our business at this time."

Maersk's decision to step back may create an opportunity for DSV, another Danish transport company, which has also advanced to the final stage of the sale process.