Dimerco is another freight company taking a bigger share of the global market. The Taipei-based company announced a joint venture in January with 25% investment in the newly founded ITG Air & Sea, a German subsidiary of Swedish public company Elanders Group. ITG Air & Sea is a spin-off of ITG GmbH Internationale Spedition + Logistik (ITG) and its parent company is Logistics Group International (LGI). Dimerco says strategic investment will strengthen mutual cooperation as well as expand business by leveraging Germany-based LGI and ITG and Sweden-based Elanders' logistics capabilities to boost its global presence.