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DTDC Courier & Cargo Ltd. has acquired majority stake in the company Eurostar Express of UAE. The joint venture will be 52 per cent owned by DTDC, 33 per cent by the UAE-based Eurostar group and 15 per cent by DTDC’s local partner in UAE.
“The acquisition allows DTDC to penetrate and consolidate its presence all over the Middle East including GCC and MENA areas, more comprehensively,”, said Mr Suresh Bansal, Director and head of International Business of DTDC.
Post the joint venture, DTDC’s UAE network has a team of 100-odd professionals and a fleet of about 60 vehicles. The organization will offer same day delivery, pick-up and return services all over UAE for vital shipments, delivery of shipments between major cities within UAE in three hours, ‘Bullet Service’ to all over UAE within four hours and pre-paid services among other services.
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