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DTDC acquires 53% stake in UAE-based Eurostar Express

15 May 2012 Evaluate

Bangalore-based logistics major, DTDC Courier and Cargo has acquired 53% stake in UAE-based Eurostar Express for an undisclosed amount. Eurostar group will continue to hold 33% in Eurostar Express. The acquisition will enable the company access to the robust infrastructure and quality delivery capabilities in Dubai and Abu Dhabi. Anil Ambani's Reliance Capital holds 44% stake in DTDC.

DTDC will get an opportunity to combine its strength with Eurostar and penetrate and consolidate its presence all over the West Asia, including GCC and MENA areas, more comprehensively with this acquisition.

Now with this acquisition DTDC’s UAE network has a team of 100-odd professionals and a fleet of about 60 vehicles. The organisation will offer same day delivery, pick-up and return services all over the UAE for vital shipments.

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