German mail operator PIN Group buys regional delivery firms

IN Group Privately-owned German mail company PIN Group has extended its geographical network with two acquisitions of regional delivery companies.

PIN Group, now majority-owned by publishing group Axel Springer, has bought the Ostsee-Post in Rostock, north-east Germany, and LN Briefkurier in northern Germany. Both companies were owned by regional newspaper companies which used them to diversify into mail deliveries.

“The mail companies of regional publishers with their expertise and delivery experience form the core of our company,” commented CEO Günter Thiel. With the acquisition of the Ostsee-Post and LN Briefkurier we are strengthening our network in the North-East.”