DHL Supply Chain brings its Chinese operations under S.F. Holding for the next ten years. For the acquisition of, China's S.F. Holding will pay a one-off amount of $700 million.
DHL will also receive a margin from the revenue generated by S.F. Holding's Chinese logistics arm for the next ten years.
With the partnership, DHL Supply Chain hopes to benefit from S.F. Holding's finely meshed network in the country. The strategic partnership covers logistics operations in China, including Hong Kong and Macau. DHL's Chinese operations in the express segment, freight forwarding and e-commerce are not covered by the deal.
