Swiss Post acquired Highnes Holding AG
Swiss Post has bought a night express delivery company to strengthen its position in the fast-growing night logistics market segment.
The Swiss postal group acquired Highnes Holding AG, parent of night express firm NES and Tesmo Immobilien SA e EDS SA, with effect from July 1, 2007. NES, based near Berne, is specialized in same-day and in-night express deliveries as well as repair logistics within Switzerland. NES will be integrated into PostLogistics, the logistics division of Swiss Post, which already provides night logistics services.
PostLogistics, with 5,100 staff, aims to offer a broad range of parcel and express delivery services, freight forwarding and warehouse logistics. It made an operating profit of CHF 87 million (GBP 35.24 million) on revenues of CHF 1.4 billion (GBP 0.56 billion) in 2006.
