TNT NV’s TNT Post said it agreed to buy a 25.1 pct stake in regional letter distribution company CPO CITIPOST Osnabruck GmbH & Co. KG.
No financial details were disclosed.
TNT Post said the stake provides it with access to more than 320,000 households in and around Osnabruck, a city in Germany’s northwest.
Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]
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