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DTDC Courier acquires 70% stake in Nikkos Logistics

The new entity will be called DTDC Nikkos International Logistics

Raghuvir Badrinath  |  Bangalore 

& Cargo Ltd., an express company, today announced the of Bangalore-based Nikkos with majority stake in the company. The will be 70% owned by and 30% by the Bangalore-based The new entity will be called “Nikkos International Logistics.

The of Nikkos complements and expands DTDC’s strategy to offer complete end-to-end logistic solutions to customers in national and international markets. solutions will help expand DTDC’s network by linking the domestic offerings globally and vice versa. “The allows to combine its strength with Nikkos to penetrate and consolidate its presence globally. Tapping on opportunities will further enable more feet on street, robust infrastructure and delivery capabilities for around the globe.” said Abhishek Chakraborty, Executive Director of

is a Bangalore based company established in the year 2011. The company has a healthy base of customers across various industry verticals like Pharma, Construction, Aviation, Food, Agriculture, Handicrafts and Engineering. is involved in the business of complete logistics services by land, sea, air or by any other means, management service providers.

Commenting on the development, Kochat Narendran, Director said, “group with global presence and being one of largest domestic logistic player combined with Nikkos network and international expertise could be the key factor for change in the Indian logistic arena with local expertise and global reach in solution.”

"has been steadily building up its product portfolio and international presence by setting up various subsidiaries and Joint Ventures. of Nikkos is part of the same strategy. Last year, same time, had acquired Eurostar Express in Dubai which has now become significant player in the Middle East Market. Nikkos is our second successful within one year" said Suresh Bansal, Director, Head of International Business and Solutions.

Last year, became the first Indian Express company to have made an outside India with a majority stake in Eurostar Express of UAE, Fast World Express Pty Ltd of Australia and Kuwait Bayarek General Trading & Contracting Co. W.I.I. in Kuwait.

First Published: Mon, April 29 2013. 15:05 IST