Deutsche Post DHL buys Lemuir Group’s stake in JV

The entity has been renamed as DHL Logistics Pvt Ltd.

Written by Press Trust Of India | Mumbai | Published: April 6, 2012 12:44 am

Deutsche Post DHL,the world’s leading postal and logistics group,today said it has acquired the 24 per cent stake held by Lemuir Group in their joint venture. With this acquisition,the JV,DHL Lemuir Logistics Pvt Ltd,becomes a 100 per cent subsidiary of Deutsche Post DHL,a company release said. The entity has been renamed as DHL Logistics Pvt Ltd.

In 2007,a new JV,DHL Lemuir Logistics Pvt Ltd,was formed following Exel joining Deutsche Post DHL’s global fold in December 2005.

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