DHL Global Forwarding takes full control of Danzas
After having managed the company with Investment Trading Group since 1995, DHL Global Forwarding has now taken full control of Danzas AEI Emirates. The company has signed an agreement with Investment Trading Group to acquire its 60 percent shareholding in the company integrating it into DHL.
“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 about what we have achieved together. As DHL continues on its expansion trajectory across the region, a merger of both organizations will create a winning proposition for customers in the region, driving efficiency and sustainability,” said Tim Scharwath, CEO DHL Global Forwarding, Freight.
“Dubai has developed into an important logistics hub in recent years. And we are proud to have played an essential part in this success together with our partner DHL. As Dubai and the GCC continue to develop economically, we believe that fully integrating Danzas into the DHL network will unleash the potential necessary to become a truly leading logistics provider in the region. We are proud to have been able to guide Danzas to this point in its journey,” said Matar Humaid Al Tayer, Vice Chairman & Board Member of Al Tayer Group.
As part of the merger, Danzas will operate under the DHL brand in future. While both Danzas and DHL are working closely together, DHL believes the integration will enable even more seamless collaboration and the exploitation of synergies and efficiencies, such as shared administrative services or integrated, seamless solutions for customers. Existing Danzas employees will be a part of the DHL.