TNT completes strategic acquisition in Spain express
TNT N.V., global provider of mail, express and logistics services today announced that it has completed the acquisition of TG+, a leading Spanish domestic distribution company, after obtaining all regulatory approvals. The acquisition has already been announced on the 6th of December 2005.
Through the acquisition of TG+, TNT expands and strengthens its domestic express business and fuels its international express business in Spain, a strategic market in Europe with high growth potential. At the same time it further drives growth of TNT’s leading position in the premium express delivery market in Europe by providing better coverage in this key market.
As a result of this acquisition TNT’s express activities in Spain count more than 4,000 professionals and 70 depots to serve its 25,000 existing customers. This transaction consolidates TNT’s position in the market for international services and in the domestic industrial parcel market.
The acquisition adds a strong presence in the pharmaceutical, cosmetics, fashion and electronic sectors, and reinforces TNT’s firm foothold in key sectors such as automotive, biomedical, high tech and industrial.
TNT N.V. is a global provider of mail, express and logistics services. The group employs over 161,000 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.
