DHL Express eyes acquisitions for Turkish growth
DHL Express is looking at acquisitions in Turkey to increase its growth in the country, according to reports in Turkish media.
The company, which claims a 50% percent of the Turkish express market, grew 30% in 2006 compared to an original target of 18%, the Dunya Gazetesi newspaper reported. Total revenue figures were not disclosed.
According to the Referans newspaper, DHL is in discussions with Aras Cargo, one of the leading Turkish logistics operators, about a strategic investment. The newspaper cited Enis Karsloglu, general manager of Aras Cargo, as saying that the company was in talks with three foreign investors, including DHL, about international growth plans.
DHL Turkey’s communications director Seda Susal was quoted as saying that DHL wanted to extend its operations in Turkey through acquisitions and was in talks with some companies.
Aras Cargo, a family-owned company, claims to be one of the largest freight transport groups in Turkey. According to information on its company website, it has 7,300 employees, 2,500 vehicles and 1,300 service points. Products include a nationwide next-day delivery service for small goods.
