PIN Group buys southern German mail firm
Privately-owned mail company PIN Group, one of the leading competitors to Deutsche Post, has strengthened its presence in southern Germany with the acquisition of Briefnetz Süd (BNS) for an undisclosed sum.
BNS was created in 2005 through the merger of the delivery units of three large southern German newspaper groups, and currently delivers about 800,000 pieces of mail per day.
BNS will in future operate as the PIN Group’s regional distribution company in southern Germany. PIN Group already has branches in several cities in the region.
“The acquisition of Briefnetz Süd is an importance milestone in the completion of our full regional delivery network in southern and south-western Germany,” said PIN Group CEO Günter Thiel.
The PIN Group, which is majority-owned by three leading German publishing groups, has 7,000 employees, annual mail volumes of one billion pieces and turnover of EUR 350 million.
