The new division, DSB Supply, Logistics & Rebuilding, has two spare parts supply facilities in Copenhagen and Aarhus, which together employ 500 full-time staff. However, the operator says that with new electric rolling stock entering service over the next decade, which will be maintained by the manufacturers, the need for DSB to run its own spare part supply operation is declining.
As part of the potential transaction, DSB will enter into a contract with the buyer of the divested company for the supply and maintenance of spare parts until 2024 with the option to renew the contract. DSB says the divestment process will ensure the continued supply of spare parts while creating a sustainable and more attractive workplace.
DSB has engaged SEB Corporate Finance to assist with the process and conduct market dialogue.
“We will find it more difficult to retain the employees in the future as the transition to the Future Train takes place and the future opportunities for the affected employees becomes less certain,” says DSB CEO, Mr Flemming Jensen. “We have full employment in Denmark and we already feel there is great demand for DSB’s employees. Therefore, we believe the time is right for a possible divestment.”
Jensen adds that exploring the divestment opportunity now will give the new supplier the best possible opportunity to establish itself in the market before the delivery of new rolling stock in 2024. “There is the potential to establish itself as a player in the northern European train maintenance market,” he says.
