Dubai: DHL Global Forwarding (DHL) has acquired the remaining shares of Danzas AEI Emirates from Investment Trading Group.
This joint venture, which started in 1995, saw Investment Trading Group holding 60 per cent of the shares.
“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,” said Tim Scharwath, CEO of DHL Global Forwarding, Freight. “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.”
Following this acquisition, Danzas will be fully integrated into DHL, providing more efficient services to its customers in the UAE, GCC, and MEA region. Danzas will operate under the DHL brand, fostering closer collaboration, synergies, and shared services, including integrated solutions for customers. Existing Danzas employees will become part of 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,” said Matar Humaid Al Tayer, Vice Chairman & Board Member of Al Tayer Group. “We are proud to have been able to guide Danzas to this point in its journey.”
