DUBAI: February 2019. Air services provider dnata, part of the Emirates Group, has purchased a 50 percent stake in Dubai Express Freightworks LLC and a 25.5 percent share in Bolloré Logistics LLC, UAE from the Kanoo Group LLC.
As a result, dnata is now the owner of Dubai Express Freightworks LLC and holds a 51 percent stake in its Bolloré Logistics LLC, UAE joint venture. Details of the acquisitions were not disclosed.
“This strategic investment underlines dnata’ s commitment to the freight forwarding industry and its growing importance,” declared Bernd Leo Struck, dnata senior vice president UAE Cargo & DWC Airline Services. “We are driven to provide superior services to the regional market as well the worldwide network of Bolloré Transport & Logistics as their regional partner.”
Freightworks, operating under the license of Dubai Express L.L.C. and established in 1976, is an international multimodal freight forwarder, logistics and supply chain provider. Services include Customs compliance, project cargo planning, AOG/aircraft parts and ship spares logistics as well as full service handling of events and exhibitions. The company also provides commercial and private removal services to local and international origins and destinations including a ‘white gloves’ fine art division.
Although dnata has acquired a majority stake in the Bolloré Logistics joint venture, it says the company will continue to operate as an integrated part of Bolloré Transport and Logistics that has operations in 106 markets worldwide.