According to Analytica, the global parcel services and logistics company, DHL has the 26% stake previously held by the Indian courier service, Lemuir Group. This makes DHL Lemuir Logistics a full subsidiary of the Deutsche Post DHL.
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| Images c/o DHL & Lemuir Group |
The Lemuir Group stated that it was going to concentrate on the special cargoes and their transport. This aim resulted in the decision to sell the stake of the joint venture with DHL. The transaction has also led to a name change for DHL Lemuir Logistics which is now called DHL Logistics Pvt. Ltd.
Apparently, DHL has had great interest in the Indian domestic logistics market for some time. DHL recently invested in the development of new parcel service solutions for its Indian customer base targeting clients from the clothing sector, IT and engineering in India.
Source: Analytica
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