Tuesday, July 9, 2013

GeoPost invests in DTDC

Mumbai July 8, 2013: DTDC Courier & Cargo Ltd., India’s premier express courier company today announced investment by GeoPost SA, a leading European express parcels player.  This will allow DTDC & GeoPost to penetrate & consolidate its presence in India & key global markets more comprehensively.
Announcing the partnership, Chairman and Managing Director Mr. Subhasish Chakraborty of DTDC said, “We are very excited about the partnership. DTDC will get access to European markets & new technologies. The association will play a huge role in developing and strengthening the business relationships between the two great countries.”
Mr. Iain Johnson, Chief Operating Officer, GeoPost International added “India is a critical global market which is set for strong CEP growth and we’re 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.
About DTDC
DTDC, India’s Largest Domestic Delivery Network Company with 23,000 individuals as its strength delivers to the remotest places in India covering 10,000 zip (pin code) in the domestic market and over 240 destinations internationally.
The company handles approximately 11.5 million consignments every month with the help of 6000 Channel Partners spread across the length and breadth of India.
About Geopost
The GeoPost Group consolidates the Express service subsidiaries of Le Groupe La Poste and is a major player in express services in Europe, as shown by its top ranking road transport network and international brand, DPD.   GeoPost operates in over 230 countries on behalf of over 300,000 customers worldwide and is no.1 in France and no.2 at European level on the express parcel market.