GeoPost invests in DTDC, partnership to synergise strengths
Partnership to synergise strengths
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.