DHL buys out Investment Trading Group’s (ITG) remaining stake in Danzas: DHL Global Forwarding has inked an agreement to acquire ITG’s 60% stake in Danzas, giving DHL full ownership of the company, according to a press release. The value of the transaction, which is still subject to regulatory clearance, was not disclosed.

The details: Danzas, a logistics and transport services provider for Dubai and the Northern Emirates, had been managed via a DHL and ITG joint venture since its founding in 1995. The outfit will now be integrated into DHL and will carry out its operations under the DHL brand.

What they said: “As DHL continues on its expansion trajectory across the region, a merger of both organizations will create a winning proposition for customers in the region, driving efficiency and sustainability,” DHL Global Forwarding CEO Tim Scharwath said in statements cited by the release.

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