“This
was an important step toward strengthening our intercontinental network
and being able to work even more closely with our customers in these
promising growth markets,” said COO Air & Sea Logistics Thomas
Reuter. Dascher purchased all of India partner AFL Pvt. Ltd.’s
shares of Dascher India, making the parent company sole shareholder
of its ventures in India and Thailand and a majority shareholder of
the joint venture in Bangladesh.
Dascher’s main India office is headquartered
in Mumbai, and the company fields 500 employees in 27 locations across
the sub-continent.
The collaboration between Dascher and AFL Pvt. Ltd.,
one of the leading Indian logistics companies, began in 1996.
In 2007, the companies began developing regional markets
in India through a joint venture and established additional organizations
in Bangladesh and Thailand.
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“This
was an important step toward strengthening our intercontinental network
and being able to work even more closely with our customers in these
promising growth markets,” said COO Air & Sea Logistics Thomas
Reuter. Dascher purchased all of India partner AFL Pvt. Ltd.’s
shares of Dascher India, making the parent company sole shareholder
of its ventures in India and Thailand and a majority shareholder of
the joint venture in Bangladesh.
