TNT Post acquires stake in Nordwest-Mail GmbH (CITIPOST Bremen)
TNT Post is expanding its household coverage in Germany by acquiring a 25.1 percent stake in regional mail delivery company Nordwest-Mail GmbH in Bremen (CITIPOST Bremen). This stake in CITIPOST will guarantee TNT Post access to more than 400,000 households in the Greater Bremen Area, as well as to the complete network of the CITIPOST alliance, the largest alternative mail delivery service in north-west Germany. Under the name “CITIPOST”, the Nordwest-Mail GmbH has been a regional mail delivery enterprise in the Greater Bremen Area since 2005.
According to Mario Frusch, CEO TNT Post Germany, ‘CITIPOST Bremen is a partner which understands the delivery business inside out and which is a powerful regional brand. We now can serve the ‘last mile for addressed mail to customers in the Bremen area. This brings us close to our goal of increasing TNT Post’s household coverage from currently more than 90 percent to 100 percent by the end of this year.’
For its part, CITIPOST Bremen is benefiting from the strategic partnership by gaining access to TNT Post’s nationwide and international networks and will now be able to offer its business clients an even broader range of mail delivery services.
Nordwest-Mail GmbH is an affiliate of the Bremer Tageszeitungen AG. By securing a holding in Nordwest-Mail GmbH, TNT Post is establishing a partnership with yet another German publishing house. Frusch explains: “A number of newspaper publishers operate its own mail delivery companies in the regional mail delivery sector, thus making optimal use of their efficient, long-established structures for newspaper distribution. Setting up joint ventures and cooperative projects with publishing firms is a pivotal element in our network development strategy.” Recently TNT Post announced a strategic partnership with the Ippen Publishing Group and Süddeutscher Verlag.
The holding in Nordwest-Mail GmbH is subject to approval by the antitrust authorities.
