euro adhoc: Österreichische Post AG
other
Austrian Post in exclusive
negotiations to acquire German speciality logistics service provider trans-o-flex
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
25.10.2006
Austrian Post ("Austrian Post" or the "Company") is conducting
exclusive negotiations with the private equity funds of Odewald &
Compagnie and Alpha Group with the aim of acquiring German speciality
logistics service provider trans-o-flex and its subsidiaries
("trans-o-flex").Austrian Post Austrian Post, headquartered in Vienna (Austria), is Austrias leading postal services and logistics company. It generated revenues of more than EUR1.7 billion in 2005. Alongside its Mail Division (pick-up, sorting, transportation and delivery of letters within Austria and internationally) the Parcel & Logistics Division is the Companys most important revenue contributor. In 2005, Austrian Post delivered around 43 million parcels in Austria. In 2006 the Company started to offer its parcel delivery services to corporate clients (B2B) in addition to servicing the retail parcel markets (B2C, C2C). Alongside its network in Austria Austrian Post operates parcel networks in Croatia and Slovakia. In addition to postal and financial services and products its Branch Network division also sells trade goods. Since the end of May 2006 Austrian post has been publicly listed on the Vienna Stock Exchange, making it the third exchange-listed national postal company in Europe. For more information go to the Companys website at www.post.at.
trans-o-flex trans-o-flex, headquartered in Weinheim (Germany), operates a Germany-wide speciality logistics network with 39 delivery centres primarily to transport business-to-business parcels and pallets (so-called combined freight). trans-o-flex has specialised particularly in the transportation of goods for customers in the life sciences, consumer electronics/home entertainment and lifestyle/cosmetics industries. It has a leading market position in the life science markets in Germany. Additionally, the company offers speciality logistics services such as temperature-controlled delivery and transportation of hazardous goods. In 2005, trans-o-flex handled some 49 million shipments and generated revenues of approximately EUR460 m with roughly 890 employees. The company conducts its international freight forwarding activities through EURODIS, a Europe-wide network of independent logistics companies which jointly provide logistics services. EURODIS was founded by trans-o-flex and is currently being expanded across Europe. For more information go to the Companys website at www.trans-o-flex.de.
This press release contains forward-looking statements about the future development of Austrian Post and economic developments. These statements reflect the current beliefs and assumptions, which are based on all information currently available to us. Should these underlying assumptions fail to materialize or should further risks arise, actual results may differ from the currently expected results. Austrian Post is under no obligation to update these forward-looking statements to reflect future events or developments.
end of announcement euro adhoc 25.10.2006 14:14:51
Further inquiry note:
Austrian Post
Public Relations:
Michael Homola
Tel.: +43(1)515 51-32010
mailto:michael.homola@post.at
Investor Relations:
Harald Hagenauer
Tel.: +43(1)515 51-30401
mailto:harald.hagenauer@post.at
Branche: Transport
ISIN: AT0000APOST4
WKN: A0JML5
Index: ATX
Börsen: Wiener Börse AG / stock market
Original content of: Österreichische Post AG, transmitted by news aktuell