TNT says it won 70 million pound contract with Britain's Centrica
Dutch postal group TNT NV said Tuesday that it won a two-year contract to handle mail for British gas supplier Centrica PLC, a day after announcing a three-year contract with BT Group PLC.
The Centrica agreement is worth about 70 million pounds (USD137.4 million; euro106.2 million). TNT will handle about 170 million items of mail a year under the contract, TNT said in a statement.
Centrica’s transactional mail, such as bills and statements, is generated at their print and mail centers in Northampton and Manchester.
Royal Mail will continue to carry out the final sorting and delivery to customers’ homes.
“The utility market is fiercely competitive and Centrica is looking to put itself ahead of the game by choosing a postal supplier that will bring tangible benefits both to its business and its customers,” said Nick Wells, chief executive of TNT Post U.K.
TNT Post said Monday it won a three-year, euro134 million (USD173.2 million) contract with BT Group PLC.
Shares in TNT dipped 0.5 percent to euro34.97 (USD45.24) on Euronext.
