TNT to set up strategic alliance with Germany’s Hermes
TNT NV said it intends to start a strategic alliance with Germany’s Hermes on the distribution of parcels and other mail.
The combining of distribution operations on the German market is slated to start in the first quarter of next year.
The deal does not involve any exchange of finances, a TNT spokesman said.
Later, TNT and Hermes might start what the spokesman called a ‘joint production operation’, which — at a later stage — might also be expanded to the French and English distribution markets, where Hermes and TNT are also active.
Hermes owns approximately 1200 distribution outlets in Germany. TNT will establish a presence in all of them.
‘We will use Hermes’ distribution network, which is mainly on a business-to-consumer basis, while Hermes will use ours, which is mainly business-to-business,’ the TNT spokesman added.
