DHL takes over Dubai venture
DHL Global Forwarding has acquired Danzas AEI Emirates, effective 24 January 2024, integrating the company into its brand. With this acquisition, DHL gains 1,100 logistics experts and 20 Danzas AEI Emirates locations in the region.
The Emirati company was founded as a joint venture between the Al Tayer Group and DHL Global Forwarding in 1995. Since then, it has strengthened its presence in the regional logistics market and opened multiple hubs in locations such as the Jebel Ali Freezone, Dubai Airport Freezone and most recently Ras Al Khaimah.
The deal sees DHL focusing on expanding its presence in the rapidly growing MENA market. As of 2022, the DHL Group generated a revenue of EUR 4.16 billion in the region. DHL Global Forwarding will aim to improve and streamline its processes to meet the demands of GCC customers. (my)
www.altayer.com/ventures/danzas