Both DHL Global Forwarding and Danzas AEI Emirates have been managing the company through a joint venture since 1995, with Investment Trading Group holding 60% of the shares but now the logistics and transport services specialist for Dubai and the Northern Emirates, Danzas will now be integrated 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.
As part of the merger, Danzas will operate under the DHL brand in future with existing Danzas employees becoming “a part of the DHL family”.
“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,” added H.E. Matar Humaid Al Tayer, Vice Chairman & Board Member of Al Tayer Group.
The transaction is subject to merger control clearance.
