EXEL BUYS OUT TURKISH VENTURE PARTNER
Exel, a U.K.-based provider of supply chain management services, is taking over full ownership in Exel Depolama ve Dagitim Hizmetleri A.S., a domestic logistics provider set up as a joint venture in Turkey.
Exel is purchasing shares held by Sezginler, its Turkish partner in the venture. The venture has focused on domestic logistics services to consumer, retail and health care customers in Turkey.
Exel recently expanded its freight management services in Turkey through another joint venture, Exel Uluslararasi Nakliyat A.S.