GeoPost in­vests in DTDC, part­ner­ship to syn­er­gise strengths

Part­ner­ship to syn­er­gise strengths

Cargo Talk - - Contents -

DTDC Courier & Cargo an­nounced re­cently an in­vest­ment by GeoPost SA, a Euro­pean ex­press parcels player. This will al­low DTDC and GeoPost to pen­e­trate and con­sol­i­date its pres­ence in In­dia and key global mar­kets more com­pre­hen­sively.

An­nounc­ing the part­ner­ship, Chair­man and Man­ag­ing Di­rec­tor Sub­ha­sish Chakraborty of DTDC said, “We are very ex­cited about the part­ner­ship. DTDC will get ac­cess to Euro­pean mar­kets and new tech­nolo­gies. The as­so­ci­a­tion will play a huge role in de­vel­op­ing and strength­en­ing the busi­ness re­la­tion­ships be­tween the two great coun­tries.” Iain John­son, Chief Op­er­at­ing Of­fi­cer, GeoPost In­ter­na­tional added “In­dia is a crit­i­cal global mar­ket which is set for strong CEP growth and we are de­lighted to in­vest in one of its lead­ing play­ers. The part­ner­ship will give us ac­cess to an un­ri­valled foot­print in In­dia and a great man­age­ment team that shares our am­bi­tion to be a lead­ing global CEP player serv­ing both B2B and B2C mar­kets.” Ear­lier this year, DTDC had spread its roots to the APAC re­gion and the Mid­dle East through ac­qui­si­tions and joint ven­tures with Eurostar in UAE, Fast World Ex­press Pty Ltd in Aus­tralia, Kuwait Ba­yarek Gen­eral Trad­ing & Con­tract­ing Co. W.I.I. in Kuwait and Air Dragon Freight (Bei­jing) Co Ltd. in China.

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