The Deutsche Post transport company is prepared for large acquisitions

DUESSELDORF, Germany (Reuters) – Deutsche Post’s freight division may integrate large acquisitions, a division executive told Reuters on Wednesday, adding that if Deutsche Bahn’s Schenker business were put up for sale, the company would need to see whether it would be a good fit.

Last year, Deutsche Bahn’s supervisory board told management to prepare for a possible sale of Schenker’s logistics business, but no further details were provided.

“We are able to integrate larger acquisitions,” said Tim Scharwath, Deutsche Post’s chief freight officer.

“DB Schenker would be… a very big purchase,” he said, adding that it was still unclear whether the deal would come to market.

The company evaluates potential acquisitions according to three criteria, he said.

“We would have to look at how DB Schenker fits into the group’s portfolio, we would have to reach a price that would make the whole thing financially attractive, and we would also have to look at how complex the integration would be,” Scharwath said.

(Reporting by Matthias Inverardi; Writing by Madeline Chambers; Editing by Rachel More)