Post Date : December 10, 2021
With a view to becoming India’s top supply chain company by revenue, Delhivery – a home-grown fully integrated logistics giant – entered into commercial agreements and equity agreements worth USD 100 million with FedEx Express earlier this year in July. The said alliance transaction has taken effect earlier today after the satisfaction of closing conditions, including regulatory approvals from the Competition Commission of India.
The alliance between FedEx Express and Delhivery will amalgamate the former’s global network with the latter’s pan-India network and technology solutions, increase FedEx’s commitment to the Indian market and ultimately unlocks India’s potential for international trade.
India is a strategic priority for FedEx. We are excited about our long-term vision to grow our business in India, and our continued role to serve customers seeking to expand in or enter the Indian market. With this transaction, FedEx Express brings decades of experience as a global leader in logistics together with Delhivery’s Indian footprint and technology solutions.”~ Don Colleran, President and CEO of FedEx Express
This strategic alliance will enable us to leverage synergies created between Delhivery’s capabilities in India and the FedEx global network to bring new products and opportunities to both Indian and global businesses and consumers. We are also excited to welcome Don Colleran to our Board and look forward to learning from his experience.”~ Sahil Barua, Chief Executive Officer, Delhivery
The ties between both organizations will be strengthened as Don Colleran will be nominated for the Delhivery Board of Directors. Further, with the consortium, the end-users of services – by both Delhivery and FedEx Express – will benefit given the innovative services and solutions that aim to improve speed and efficiency among other parameters.