DP-DHL buys out Lemuir Group's stake in Indian joint venture

2012 04 25

Details

DEUTSCHE POST-DHL has acquired the 24 per cent stake held by the Lemuir Group in its joint venture, DHL Lemuir Logistics, in India for an undisclosed figure, Transport Intelligence of UK reported.

Through the share acquisition, Deutsche Post DHL now owns a 100 per cent stake in the joint venture in the subcontinent. Following the purchase, the company has been renamed DHL Logistics Private Ltd.

Oscar de Bok, CEO, South and Southeast Asia, DHL Supply Chain, said, "Our partnership with Lemuir has substantially reinforced our foothold in the Indian domestic logistics industry. It has helped to put us on the road of accelerated growth."

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