DACHSER Taiwan joins global network following share buy out of joint venture partner

Taipei 4 July 2011

DACHSER Taiwan Inc. became a 100 per cent subsidiary of DACHSER Far East Ltd. on July 1^st, 2011 following the completion of an incremental share acquisition during the last seven years.

DACHSER originally established a 50:50 joint venture with Leader Mutual Freight System Inc. in 2004, increasing that stake to 80 per cent in January 2009 before buying the remaining shares in the company this year. The management team and office will remain unchanged.

“This is a significant step forward for DACHSER’s operations in Taiwan, as our customers will now be able to benefit even more from leveraging additional opportunities from our expanding regional and global networks,” said Edoardo Podestá, Managing Director of DACHSER Far East Ltd.

Dachser Taiwan will support the company’s aim to further develop cross straits business with mainland China and build its presence with the island’s multinational hi-tech and industrial customers.

Company Background

DACHSER is an international logistics services provider headquartered in Kempten/Germany, where the company was founded in 1930 by Thomas Dachser. The company’s mission is to improve the logistics processes of its customers. In 2010, DACHSER generated total revenue of EUR 3.8 billion. 19,250 staff working in 310 profit centres worldwide handled 46.2 million consignments weighing a total of 35.5 million tons.

DACHSER Far East Ltd. is a 100% owned subsidiary of the DACHSER Group. The company employs about 600 people offering services from freight forwarding by air & sea, trucking, warehousing to contract logistics in 15 locations in Greater China with its regional head office in Hong Kong.

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