Dutch TPG Post to buy German mailXpress
TPG Post, the mail business of Dutch mail and logistics company TNT NV, will take over German regional mail delivery company mailXpress GmbH in Stuttgart, TNT Post said on December 19, 2005.
The acquisition will come in effect on January 1, 2006. Financial details of the deal were not disclosed.
With the acquisition, TPG Post will expand its network in the region of Stuttgart, southwestern Germany.
mailXpress has 110 employees and delivers some 15,000 addressed letters daily.
(Editor’s note: TPG Post’s main business is collecting, sorting, transporting and delivering of letters and parcels. The company also specialises in data and document services, direct mail, e-commerce and international post. TPG Post has some 80,000 staff worldwide, of who almost 40,000 are in the Netherlands, the company’s website showed.)
www.trouw.nl,www.tpgpost.nl
Source: Trouw,TPG Post
