EANS-News: Österreichische Post AG
PostNL to acquire Dutch and Belgian
trans-o-flex activities from Austrian Post
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Mergers - Acquisitions - Takeovers Subtitle: PostNL Parcels gains a strong B2B market position in the Netherlands and Belgium Austrian Post gets a sustainable solution through this new logistics partnership in the Benelux The Hague / Vienna (euro adhoc) - PostNL Parcels has agreed to acquire the Dutch and Belgian activities of the trans-o-flex Group, owned by Austrian Post. With this acquisition PostNL Parcels immediately gains a strong market position on the Belgian business to business (B2B) market while strengthening its position on the Dutch market for multi-colli shipments, for example palletised consignments. Both parties have agreed not to communicate any financial details about the transaction. The acquisition fits in PostNL Parcels´ strategy of strengthening its presence in the Benelux market for consolidated parcels. trans-o-flex Belgium will provide PostNL Parcels with an strong foothold in the Belgian B2B market featuring a leading capacity in the Pharma vertical market. The Dutch trans-o-flex activities add parcel and pallet volumes that immediately fit in PostNL Parcels´ existing network and add commercial competences in the Pharma and Consumer Electronics verticals. The customers of the Austrian Post subsidiary trans-o-flex in Germany will benefit from the new partnership in the Benelux countries, due to the fact that a sustainable and strong logistics solution has been created on the basis of the core competencies of both companies. With the transaction, PostNL will also acquire a 7.2% shareholding in the EURODIS network. The EURODIS network offers a strong partner network for B2B shipments to 34 European countries with unified processes and active quality management. Herna Verhagen, Member of the PostNL Board of Management, says: "We are happy to announce this acquisition. The transaction provides us with an immediate presence in the Belgian business-to-business market. Our existing Dutch B2B-activities are instantaneously complemented with almost 50% more capacity for multi-colli, palletised shipments. Developing our network with B2B-capabilities enables us to meet an increasing demand from our business customers, while reaching cost synergies by integrating our 2C and 2B networks." Peter Umundum, Member of the Management Board of Austrian Post with responsibility for the Parcel & Logistics Division, says: "We are happy to have found a strong partner for the Benelux region in PostNL. This structural reorientation is a win-win situation. As a result we can offer an excellent logistics solution for Belgium and the Netherlands to our customers in Germany and Austria. Furthermore, we expect a strengthening of the EURODIS network." Last year, trans-o-flex Netherlands and Belgium reached combined revenues of approximately EUR 50 million. The company shipped just over 14 million parcels and 550.000 pallets. Its network consists of nine depots and employs more than 250 people. Further inquiry note: Austrian Post Head of Press & Internal Communications Ms Ingeborg Gratzer Tel.: +43 577677 24730 ingeborg.gratzer@post.at Head of Investor Relations & Corp. Governance Mr Harald Hagenauer Tel.: +43 57767 30400 harald.hagenauer@post.at end of announcement euro adhoc -------------------------------------------------------------------------------- company: Österreichische Post AG Haidingergasse 1 A-1030 Wien phone: +43 (0)57767-0 mail: investor@post.at WWW: www.post.at sector: Transport ISIN: AT0000APOST4 indexes: ATX Prime, ATX stockmarkets: official market: Wien language: English
Original content of: Österreichische Post AG, transmitted by news aktuell