DHL Global Forwarding acquires 100% ownership of LifeConEx
DHL Global Forwarding has acquired Lufthansa’s 50% ownership in joint venture company LifeConEx. The end-to-end life sciences cold chain logistics provider is now a 100% DHL subsidiary.
"After running the innovative specialised logistics service together for six years, DHL Global Forwarding and Lufthansa Cargo agreed that a change in ownership would best prepare LifeConEx to further grow its market position" states Roger Crook, CEO of DHL Global Forwarding and Freight, and Deutsche Post DHL Board Member sponsor for the Life Sciences & Healthcare Sector.
Established in 2005, the joint venture has become the global leader in its niche market. DHL will utilise its global presence to leverage LifeConEx’s capabilities and expand its cold chain services. While furthering its cooperation with Lufthansa, DHL will also maintain LifeConEx’s neutrality in carriers, forwarders and packaging providers. This investment also supports Deutsche Post DHL’s 2015 group and Life Sciences sector strategy.
David Bang, CEO of LifeConEx will continue to lead the company and is committed to overseeing the ownership transition for continued development and success.
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