DHL 1999 Annual Report Download - page 68

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Intercontinental – No.1 worldwide
We were able to increase our net revenue in the Inter-
continental business unit. Further, it was possible to
expand the geographic presence of the Intercontinental
business unit through acquisitions effected during the
reporting year.In this area, the most significant was our
acquisition of the American company Air Express Inter-
national (AEI), announced last year. Lined up together
against their international competition,Danzas and AEI
rank first in the air freight business and fifth in the sea
freight business, giving Danzas No. 1 standing in the
intercontinental forwarding business. Merging Danzas
and AEI’s global networks also led to a noticeable
expansion of our range of services.
Our acquisition of the logistics provider Hammond
International Limited also contributed to reinforcing and
expanding the Intercontinental business unit’s market
position.This new addition extended our business activi-
ties in New Zealand. In the intercontinental business,our
project business was further strengthened by the acquisi-
tion of the specialist French company Start S.A.
Our range of special services also grew in 1999. Besides
adding the Cargo Insurance program to our list, we
launched our Cash Forwarding trade finance system.
Logistics
75
Corporate Division