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DHL set to buy Turkey’s MNG Kargo
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DHL Group has signed an agreement to acquire the Turkish parcel service provider MNG Kargo Yurtiçi ve Yurtdisi Tasimacilik A.S. and its subsidiaries.
In a statement issued today (25 July), DHL said that Turkey’s parcel and e-commerce market is growing rapidly and MNG Kargo is one of the country’s leading parcel service providers.
Mainly driven by a young, dynamic population with a high affinity for digital communication, the e-commerce market in Turkey is expected to grow at double-digit rates in the coming years – significantly higher than the EU markets.
DHL said that the newly acquired parcel network includes 27 sorting centers for mid-mile transportation and over 800 centres for last-mile delivery.
Tobias Meyer, CEO of DHL Group, commented: “In addition to sustainability, globalization and digitalization, we have identified e-commerce as a megatrend in logistics and have therefore made it a focus of our Strategy 2025 over the past few years.
“E-commerce remains one of the biggest growth drivers for logistics and especially parcel volumes. That’s why we’re continuously working to increase our footprint in this area – whether through organic or inorganic growth. MNG Kargo complements our business portfolio and will help to further strengthen our position in this sector.”