DHL Express is looking at acquisitions in Turkey to increase its growth in the country, accordingto reports in Turkish media.
The company, which claims a 50% percent of the Turkish express market, grew 30% in 2006compared to an original target of 18%, the Dunya Gazetesi newspaper reported. Total revenue figureswere not disclosed.
According to the Referans newspaper, DHL is in discussions with Aras Cargo, one of theleading Turkish logistics operators, about a strategic investment. The newspaper cited EnisKarsloglu, general manager of Aras Cargo, as saying that the company was in talks with threeforeign investors, including DHL, about international growth plans.
DHL Turkey’s communications director Seda Susal was quoted as saying that DHL wanted toextend 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 groupsin Turkey. According to information on its company website, it has 7,300 employees, 2,500 vehiclesand 1,300 service points. Products include a nationwide next-day delivery service for small goods.
