Österreichische Post AG

EANS-News: Österreichische Post AG
PostNL to acquire Dutch and Belgian trans-o-flex activities from Austrian Post


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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 
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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
 

 

 



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