DHL Global Forwarding (DHL), the world's leading freight forwarding and logistics company, has signed an agreement to acquire the remaining shares in Danzas AEI Emirates from Investment Trading Group.

The two parties have managed the company through a joint venture since 1995, with Investment Trading Group holding 60% of the shares.

Specializing in logistics and transport services for Dubai and the Northern Emirates, Danzas will now be integrated into DHL, and its customers in the UAE, GCC and MEA regions will benefit from more efficient and transparent services, as part of the leading provider of logistics services for the UAE and GCC region.

Tim Scharwath, CEO of DHL Global Forwarding, Freight, said: "Our close and trusted partnership with the Investment Trading Group over many years has taken Danzas to new heights and new strengths.

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"We are proud and grateful for what we have achieved together. As DHL continues its expansion trajectory in the region, a merger of the two organizations will create a winning proposition for customers in the region, promoting efficiency and sustainability."

H.E. Matar Humaid Al Tayer, Vice Chairman and Member of the Board of Directors of the Al Tayer Group, said: "Dubai has become an important logistics hub in recent years. And we are proud to have played a key role in this success with our partner DHL.

"As Dubai and the GCC continue to develop economically, we believe that the full integration of Danzas into the DHL network will unlock the potential needed to become a truly leading logistics provider in the region. We are proud to have been able to guide Danzas to this stage of its journey."

As part of the merger, Danzas will in future operate under the DHL brand. Although Danzas and DHL work closely together, the integration will enable even more seamless collaboration and the exploitation of synergies and efficiencies.

TLME