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DHL & Lemuir consolidate logistics business in India

24
May '07
DHL, the world's leading express and logistics company, and Lemuir Group, pioneers in the Indian logistics industry announced that Deutsche Post World Net and Lemuir have planned to consolidate their joint venture which would be named – DHL Lemuir Logistics Private Limited – in India.

Deutsche Post World Net will hold 76 percent stake in the joint venture with 24 percent being held by Lemuir. The consolidated joint venture will combine the businesses of DHL Danzas Lemuir Pvt. Ltd. and Exel India Private Limited, which recently acquired the Contract Logistics and Customs House Brokerage operations for general cargo from Lee & Muirhead Pvt Ltd. This consolidation will position DHL as the leader in International Freight Forwarding, Supply Chain Management and Customs Brokerage in India.

The consolidation will combine the expertise of three well established players in the logistics space in India. The consolidated logistics business will trade under the DHL brand as DHL Global Forwarding for the freight forwarding business and DHL Exel Supply Chain for contract logistics. It will lead to significant benefits for customers, including greater geographic spread, product and service leadership and enhanced offerings to meet all their logistics and supply chain requirements.

Rajeev Rajadhyaksha, earlier Managing Director of Exel India Pvt Ltd, has been appointed as Managing Director of DHL Lemuir Logistics Private Limited and Christoph Remund has been appointed as Chief Operating Officer of DHL Global Forwarding.


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