Oesterreichische Post focuses on Niche Markets in Eastern Europe

Oesterreichische Post AG’s 500 mln eur acquisition and expansion programme will focus on niche markets, private carriers in Eastern Europe and technology providers, according to Chairman Anton Wais.

Wais told the Viennese daily Die Presse that the Austrian postal services company had already earmarked investments of 80 mln eur for expansion in Eastern Europe, up to 150 mln eur for Western Europe and around 120 mln eur for the acquisition of companies with technology expertise.

Wais said that Oesterreichische Post’s acquisitions will continue to focus on niche markets, avoiding direct competition with such parcel logistics giants as DHL and TNT.

Private carriers in Romania, Bulgaria and Ukraine will be the next targets of the Austrian company’s acquisition strategy, while investments in national postal providers will only be an option at a later stage, according to Wais.