Deutsche Post board member Appel says DHL seeks US, Asian acquisitions

Deutsche Post World Net AG board member Frank Appel told Die Welt in an interview to appear in tomorrow’s edition that its DHL unit wants to make acquisition in order to expand its logistics operations in the US and Asia.

‘We are talking about small to mid-sized companies with sales between 10-150 mln eur,’ Appel told the newspaper.
However, in Eastern Europe DHL wants to grow organically, he said.

Appel declined to comment on whether Deutsche Post wants to acquire UK logistics company Exel PLC.

‘That rumour has already been around for three years,’ Appel said. ‘I don’t know who keeps bringing that up.’

Appel confirmed that Deutsche Post is in talks to buy the remainder of KarstadtQuelle AG’s logistics operations.

In March the German retailer sold most of its logistics operations to Deutsche Post’s DHL unit for about 200 mln eur.