DHL takes 100% ownership of life science specialist

Plantation, Fl, US: DHL Global Forwarding, the air and sea freight specialist within the Deutsche Post DHL Group, has acquired 100 percent ownership of LifeConEx, a provider of life sciences cold chain logistics..

LifeConEx is a 50/50 joint venture of DHL Global Forwarding and Lufthansa Cargo established in 2005.

DHL will utilize 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, so that it brings maximum value to its customers. LifeConEx is now a 100 percent DHL subsidiary.

Roger Crook, chief executive of DHL Global Forwarding and Freight, says: “After running the innovative specialized 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.”

Andreas Otto, member of the executive board at Lufthansa Cargo, says: “In cooperation with DHL Global Forwarding we have succeeded in making LifeConEx a leading provider of end-to-end cold chain solutions. With the sale of our stake in the company, we will now continue to focus on the airport-to-airport business.

“Lufthansa Cargo aims to further expand the segment for temperature-controlled shipments, amongst other things by developing our international pharma hubs. In doing so, we also want to continue to build on our partnership with LifeConEx.”

David Bang, chief executive of LifeConEx will continue to lead the company until the ownership transition.