Norway Post and TNT extend cooperation
Norway Post and mail, express and logistics company TNT N.V. have signed a co-operation agreement outlining the two parties’ continued close cooperation.
The cooperation between Norway Post and TNT is based on an agreement both companies entered into in May 2004 to jointly provide international express products to Norwegian customers. The companies now announce their ambition to extend their cooperation to include other product areas.
Mr. Kaare Frydenberg, CEO of Norway Post, and Mr. Peter Bakker, CEO of TNT, signed the Co-operation Agreement today in the Netherlands. This includes an agreement to immediately set up a task force to explore potential areas of mutually beneficial co-operation in mail, mail related services, express and logistics services.
Norway Post has looked for an international partner in order to meet its customers’ needs for global solutions. TNT wishes to expand its network with a partner in the Norwegian and Nordic market for its business customers. By benefiting from synergies and mutual strengths, Norway Post and TNT will be able to further improve both parties’ services to their Norwegian and Nordic customers.
Kaare Frydenberg, CEO of Norway Post commented: “Our experience with TNT and our cooperation in respect of the express service has been good. We now wish to build on this and develop closer cooperation in several areas, with a view to strengthening our international services to our customers.”
Mr. Peter Bakker, CEO of TNT, is delighted to announce the co-operation with Norway Post: “This is another significant step in our international strategy. The combined benefits of the agreement will allow us to extend our reach within the region by offering our customers a wider ranging and more competitive service. We can also jointly explore other areas of international growth together.”
Notes to the editors:
TNT N.V. is a global provider of mail, express and logistics services. The group employs over 162,000 people in 63 countries and serves over 200 countries. For 2004 the company reported sales of € 12.6 billion. TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.
Posten Norge AS
The Norway Post Group is one of Norway’s largest companies with activities all over the country. Norway Post’s strategy is to strengthen the company in an exposed market, with a basis in its fulfilment of the licensing requirement, and to develop Norway Post into a leading service provider in Norway. Norway Post wishes to become a leading provider of communications and logistics services in Norway. In the other Nordic countries, Norway Post pursues a niche strategy and is engaged in the distribution of mail, express services and electronic services supporting physical distribution. Outside the Nordic area, Norway Post’s strategy is to cooperate with international players capable of securing Norway Post access to international networks and to help ensure that traffic from abroad is distributed through Norway Post’s network in Norway. Norway Post reported sales of NOK 18 billion, NOK 1.6 billion of which came from activities outside Norway.
