TNT acquires TopPak

TNT is expanding its e-commerce activities with the acquisition of Dutch e-fulfillment company TopPak. The parties signed an agreement to this effect today. With this acquisition, through its Parcel Service business, TNT is strengthening its position in the distribution market and adding a link to its e-fulfillment service chain.

TopPak has revenues of approximately €10m, handles some 6m packages per year and has growth potential

TNT say that the acquisition of TopPak is in line its Vision 2015 strategy on Parcels and Special Delivery Solutions (SDS) as announced on 3 December 2009. “TNT aims to develop focused multi-customer network solutions, that provide service quality while improving the economics of the TNT delivery networks,” the company said.

The financial details were not disclosed.