DHL Global Forwarding (DHL) has signed an agreement to acquire the remaining shares in Danzas AEI Emirates from Investment Trading Group.
Both entities have been managing the company through a joint venture since 1995, with Investment Trading Group holding 60 per cent of the shares.
A logistics and transport services provider for Dubai and the Northern Emirates, Danzas – and its employees – will now be integrated into the global logistics giant and operate under the brand.
The integration will leverage synergies and efficiencies, such as shared administrative services or integrated, seamless solutions for customers in the UAE, GCC and MEA region.
DHL and Danzas have shared a close alliance
“Our close and trusted partnership with the Investment Trading Group over many years has taken Danzas to new heights and strengths. We are proud and grateful for what we have achieved together. As we continue on our expansion trajectory across the region, a merger of both organisations will create a winning proposition for customers in the region, driving efficiency and sustainability,” said TimScharwath, CEO of DHL Global Forwarding, Freight.
Matar Humaid Al Tayer, vice chairman and board member of Al Tayer Group, said that the integration will “unleash the potential” needed to make the brand a leading logistics provider in the region. The transaction is subject to merger control clearance.