Deutsche Post DHL and SF Holding conclude supply chain deal
Deutsche Post DHL Group has concluded a landmark deal to transfer its supply chain operations in mainland China, Hong Kong and Macau to SF Holding. The transaction involves the supply chain business and has no bearing on DPDHL Group’s business activities in international express, freight transport and e-commerce logistics solutions in China.
As part of the transaction, DPDHL Group received RMB 5.5 billion (EUR 700 million) and will continue to receive revenue-based partnership fees for ten years while DPDHL Group provides the co-branded business with trademark licensing, customer referral, employee training, best practice sharing and other areas of support.
Yin Zou was appointed CEO of SF DHL Supply Chain China, and along with his management team, will continue leading the business. (mw) www.dhl.com www.sf-express.com