DSV expects to grow in Germany and plans €1 billion ($1.1 billion) investments in Germany in the next three to five years. READ: DSV opens new office in North Carolina Jens H. Lund, Group CEO, DSV, said: "With the acquisition we bring together two strong companies, creating a world-leading transport and logistics powerhouse that will benefit our employees, customers and shareholders." "By adding Schenker's competencies and expertise to our existing network, we improve our competitiveness across all three divisions: Air & Sea, Road, and Solutions. As well as enhancing our commercial platform across DSV, the acquisition will provide our customers with even higher service levels, innovative and seamless solutions and flexibility to their supply chains."