Deutsche Post DHL Group has completed the acquisition of UK Mail in a US$315.5 million bid to strengthen its presence in the U.K. e-commerce market. Both E.U. and U.K. regulatory bodies signed off on the deal in late 2016, and the companies have moved to cancel the listing of UK Mail Group plc shares, amend the company\u2019s Articles of Association and will add UK Mail\u2019s operations to the European parcel network of Deutsche Post DHL Group.
\nDeutsche Post has been on an expansion spree of late. In January 2016, the German company bought a 27.5 percent stake in French logistics firm Relais Colis to strengthen its foothold in Europe\u2019s third-largest e-commerce market. In September of the same year, the company added ventures in Hungary and Slovenia, expanding its presence to 19 European countries, according to a company spokesman.
\nDP-DHL Group\u2019s \u201cStrategy 2020\u201d initiative has the company \u201ccontinuously examining all attractive and relevant markets in Europe in order to advance DHL\u2019s business in Europe.\u201d
\n\u201cThis acquisition will deliver additional value for the customers of both our companies,\u201d said J\u00fcrgen Gerdes, Deutsche Post DHL Group Board Member. \u201cUK Mail customers will receive enhanced access to consumers across Europe via our world-class parcel network and DHL Parcel customers will benefit from a seamless, integrated delivery service for their cross-border shipments to and from the U.K. The acquisition further expands the presence of Deutsche Post DHL Group in the U.K., Europe\u2019s largest e-commerce market.\u201d
\nOn the UK Mail side, the company has bolstered its tech capabilities in recent years, investing in IT and in product and service innovation. In 2015, a DP-DHL release noted that UK Mail \u201ccompleted the most significant development in its history with the move to a new automated hub in Ryton, near Coventry. The result is that it offers one of the largest integrated parcels and mail operations in the U.K.\u201d
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
Deutsche Post DHL Group has completed the acquisition of UK Mail in a US$315.5 million bid to strengthen its presence in the U.K. e-commerce market. Both E.U. and U.K. regulatory bodies signed off on the deal in late 2016, and the companies have moved to cancel the listing of UK Mail Group plc shares, amend[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-2090","post","type-post","status-publish","format-standard","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts\/2090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/comments?post=2090"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts\/2090\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/media?parent=2090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/categories?post=2090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/tags?post=2090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}