DPD: This transaction makes genuine sense for both parties
DPD UK, part of DPDgroup, the European parcel delivery network, has completed the acquisition of UK same day delivery company, CitySprint, following the recent approval of the transaction by the Competition and Markets Authority.
This completion makes CitySprint now part of DPDgroup and means that DPD UK’s customers will now be able to access CitySprint’s same day and specialist delivery services in the UK, while CitySprint will be able to offer its customers access to DPD UK’s domestic next day and international expertise.
Elaine Kerr, CEO of DPD UK, commented: “This transaction makes genuine sense for both parties and we are delighted to have completed the acquisition. Same day delivery is one of the fastest growing segments of the logistics market and this deal will enable us to provide our customers with fantastic new services. Demand for home delivery has continued to grow as consumer behaviour has evolved post-pandemic and DPD UK is perfectly positioned to meet that demand and consolidate our position as a market leader.”
Gary West, CEO of CitySprint, commented: “We are delighted to have finally completed this transaction and formally become part of DPDgroup. This represents a major opportunity for both our colleagues and customers as we join forces with Europe’s largest parcel delivery network. There continues to be strong demand for same day delivery services, and we believe we have the right strategy in place to capitalise and build on this within the enlarged DPDgroup.”