Austrian Post completes acquisition of Germany's trans-o-flex
Austrian Post has officially completed the acquisition of a 74.9% majority holding in German express parcels company trans-o-flex.
The Austrian postal group announced that the existing trans-o-flex management headed by Klaus J. Heinz would remain in place. Thomas Doll, head of corporate controlling at Austrian Post, will also take on the role of trans-o-flex financial director.
Austrian Post plans to use trans-o-flex, and its European partner network Eurodis, as its main platform to develop its European B2B parcels distribution business.
