Colombia DHL Express denies rumours about Servientrega acquisition talks
Colombian company DHL Express, a subsidiary of global carrier and package delivery company DHL Express, part of the German postal services operator Deutsche Post, denied rumours that it is in talks for the acquisition of local logistics and courier company Servientrega.
The announcement was made by the general director of DHL Express, Antonio Arranz, on October 10, 2006. Arranz added that DHL Express might study in the future the possibility to strengthen its ties with some local delivery firm.
Servientrega’s president, Jesus Guerrero Hernandez, also said that no such talks were held.
Servientrega has its own logistics chain, spreading through Colombia, Miami (USA), Venezuela, Ecuador and Peru, and also provides packaging, storage and shipment management. Servientrega plans to invest USD5.2 mln (4.15 mln euro) in order to expand in Panama, Peru and Spain.
Arranz said that DHL Express’ sales had grown 23 pct year-on-year so far in 2006 and the company aims at USD40 mln (32 mln euro) for full 2006. DHL Express’ imports grew 42 pct year-on-year so far in 2006, its exports rose 15 pct and its national services sales rose 12 pct. DHL Colombia’s strategy is concentrated on the expansion of its chain and the diversification and improvement of its services. DHL is the leader on the Colombian package delivery market with a share of 60 pct. DHL Colombia’s sales rose 8.0 pct year-on-year in 2005.
