ates

DHL Global Forwarding has completed its acquisition of Dubai-based Danzas AEI Emirates, with a full rebranding of facilities to DHL, according to a press release. The acquisition involves the transfer of 1.1k logistics employees and ownership of 20 facilities in Dubai and the Northern Emirates, including key sites in Jebel Ali Freezone, Dubai World Central (Al Maktoum International Airport), Dubai Airport FreeZone, and Ras Al Khaimah to DHL.

Refresher: DHL Global Forwarding had agreed to acquire Investment Trading Group’s 60% stake in Danzas AEI Emirates in October, after it was operated as a joint venture since 1995.

What they said: “Our integration with Danzas will enable us to expand our reach and

support the growth of the logistics business in the GCC, while enhancing regional competitiveness as an economic hub,” said Amadou Diallo, CEO of DHL Global Forwarding Middle East, and Africa.

Leave a comment

Your email address will not be published. Required fields are marked *