GeoPost, a European express parcels delivery provider, has invested in DTDC, a domestic express courier company in India.
“India is a critical global market which is set for strong (courier-express-postal) growth, and we’re delighted to invest in one of its leading players,” said Iain Johnson, chief operating officer of GeoPost International, in a written statement. “The partnership will give us access to an unrivaled footprint in India and a great management team that shares our ambition to be a leading global CEP player serving both (business-to-business) and (business-to-consumer) markets.”
“DTDC will get access to European markets and new technologies,” added Subhasish Chakraborty, chairman and managing director of DTDC. “The association will play a huge role in developing and strengthening the business relationships between the two great countries.”
Earlier this year, DTDC expanded in the Asia-Pacific region and the Middle East through acquisitions and joint ventures with Eurostar in United Arab Emirates, Fast World Express in Australia, Kuwait Bayarek General Trading & Contracting in Kuwait, and Air Dragon Freight (Beijing) in China.