Austrian Post acquires City Express d.o.o. in Serbia
By taking over City Express d.o.o. in Belgrade, Austrian Post has entered the Serbian and Montenegrian parcel market and extended its presence in Central and South-Eastern Europe.
City Express, founded in 2002, will distribute over two million domestic shipments in 2007 with a total turnover of about 10 Mio EUR. This is equals 4 Mio door-to-door parcels and roughly for some 50 pct market share. With a headcount of 368 employees and a fleet of 248 vehicles, City Express is operating 14 sites in Serbia as well as a branch in the Republic of Montenegro.
„The takeover of City Express is following our expansion strategy in South-Eastern Europe. This step will unlock significant potentials for us, accessing the growth markets in Serbia and Montenegro”, says Anton Wais, CEO of Austrian Post.
After acquisition of City Express Austrian Post is represented on the market of parcels with subsidiaries in the following Eastern- and South-Eastern European Countries:
Slowakia: Slovak Parcel Service, and In Time (2002)
Croatia: Overseas (2003)
Hungary: Merland Express und Road Parcel (2007)
Serbia: City Express (2007)
