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New Deal


Announced

DHL Global Forwarding to acquire Danzas AEI Emirates from Investment Trading Group and Al Tayer Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Arab Emirates

logistics services

Third Party Logistics (3PL)

Acquisition

Cross Border

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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DHL Global Forwarding, a freight forwarder company, agreed to acquire Danzas AEI Emirates, a third-party logistics provider, from Investment Trading Group and Al Tayer Group. Financial terms were not disclosed. “Our close and trusted partnership with the Investment Trading Group over many years has taken Danzas to new heights and strengths. We are proud and grateful about what we have achieved together. 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,” Tim Scharwath, DHL Global Forwarding CEO.

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