Mumbai April 29, 2013: DTDC Courier & Cargo Ltd., India’s premier express courier company, today announced the acquisition of Bangalore-based Nikkos Logistics Pvt Ltd with majority stake in the company. The joint venture will be 70% owned by DTDC and 30% by the Bangalore-based Nikkos Logistics Pvt Ltd. The new entity will be called “DTDC Nikkos International logistics Pvt. Ltd.”
The acquisition of Nikkos complements and expands DTDC’s strategy to offer complete end-to-end logistic solutions to customers in national and international markets. Nikkos logistics solutions will help expand DTDC’s network by linking the domestic offerings globally and vice versa.
“The acquisition allows DTDC to combine its strength with Nikkos to penetrate & consolidate its presence globally. Tapping on opportunities will further enable more feet on street, robust infrastructure and quality delivery capabilities for DTDC around the globe.” said Mr. Abhishek Chakraborty, Executive Director of DTDC
Nikkos Logistics Pvt Ltd. is a Bangalore based company established in the year 2011. The company has a healthy base of customers across various industry verticals like Pharma, Construction, Aviation, Food, Agriculture, Handicrafts and Engineering. Nikkos Logistics Pvt Ltd. is involved in the business of complete logistics services by land, sea, air or by any other means, supply chain management service providers.
Commenting on the development, Mr. Kochat Narendran, Director said, “DTDC group with global presence and being one of largest domestic logistic player combined with Nikkos network and international expertise could be the key factor for change in the Indian logistic arena with local expertise and global reach in supply chain solution.”
"DTDC has been steadily building up its product portfolio and international presence by setting up various subsidiaries and Joint Ventures. Acquisition of Nikkos is part of the same strategy. Last year, same time, DTDC had acquired Eurostar Express in Dubai which has now become significant player in the Middle East Market. Nikkos is our second successful acquisition within one year" said Mr. Suresh Bansal, Director, Head of International Business and Supply Chain Solutions.
Last year, DTDC became the first Indian Express company to have made an acquisition outside India with a majority stake in Eurostar Express of UAE, Fast World Express Pty Ltd of Australia and Kuwait Bayarek General Trading & Contracting Co. W.I.I. in Kuwait.
About DTDC
DTDC is India’s Largest Express Delivery Network, comprising of over 6200 Channel Partners spread across the country and a strength of 22,000 professionals enabling deliveries of 11 million consignments per month across over 10,000 pin-codes in India. Started in 1990 and headquartered in Bangalore, today DTDC also has a significant global footprint and services 240 international locations including USA, UK, Canada, UAE, Hong Kong, Australia, China and all Asian countries, through its own operations, joint ventures and business associates. It offers products that address all Logistics-related needs of its clients, ranging from Express Documents to Heavy Cargo, from Domestic Premium Products to International Delivery, and from Supply Chain Solutions to Warehousing.
About Nikkos Logistics Pvt Ltd.
Nikkos Logistics Pvt Ltd. is a Bangalore based company established in the year 2011 with branches in Delhi, Chennai, Mumbai and Tirupur. Nikkos logistics is the culmination of a few like-minded logistics professionals, coming together to pool in their vast experience, as they believed their capability and rich experience could help their clients continually improve their efficiency and profitability throughout the supply chain journey.
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