GERMANY freight company dachser has acquired the remaining 30 per cent of shares in Dachser South Africa and is now the sole owner of the Johannesburg-based country organisation, reports London's Air Cargo News.
The global logistics provider has been represented in South Africa since 2011. At that time, Dachser entered into a joint venture (JV) with the family-owned company Jonen Freight Pty Ltd.
Dachser took a majority stake in the JV with a view to strengthening its global airfreight and seafreight network by operating its own locations in Africa's third-largest economy. It has now acquired the 30 per cent of the shares in the JV that had remained with the founding Duve family.
Under the management of Detlev Duve, a son of the company's founder, the JV, which has been operating as Dachser South Africa since 2012, has been able to further establish itself in the market and grow.
With around 250 employees at its four sites in Johannesburg, Durban, Port Elizabeth, and Cape Town, the country organisation generated revenue of around EUR43 million (US$47 million) in 2022, said Dachser.
Mr Duve will continue to lead Dachser South Africa as managing director. 'Our joint venture in South Africa is a success story,' said Edoardo Podesta, chief operating officer air & sea logistics at Dachser.
Mr Podesta added: 'Detlev Duve and his experienced team understand the requirements of the markets in Southern Africa very well. They have also developed the company into a cornerstone in our global network. We look forward to continuing the DACHSER South Africa growth story together.'
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The global logistics provider has been represented in South Africa since 2011. At that time, Dachser entered into a joint venture (JV) with the family-owned company Jonen Freight Pty Ltd.
Dachser took a majority stake in the JV with a view to strengthening its global airfreight and seafreight network by operating its own locations in Africa's third-largest economy. It has now acquired the 30 per cent of the shares in the JV that had remained with the founding Duve family.
Under the management of Detlev Duve, a son of the company's founder, the JV, which has been operating as Dachser South Africa since 2012, has been able to further establish itself in the market and grow.
With around 250 employees at its four sites in Johannesburg, Durban, Port Elizabeth, and Cape Town, the country organisation generated revenue of around EUR43 million (US$47 million) in 2022, said Dachser.
Mr Duve will continue to lead Dachser South Africa as managing director. 'Our joint venture in South Africa is a success story,' said Edoardo Podesta, chief operating officer air & sea logistics at Dachser.
Mr Podesta added: 'Detlev Duve and his experienced team understand the requirements of the markets in Southern Africa very well. They have also developed the company into a cornerstone in our global network. We look forward to continuing the DACHSER South Africa growth story together.'
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