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. 

DTDC expands its reach and strengthens capabilities - acquires 70% stake in Nikkos Logistics Pvt Ltd.

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.