Swiss Post International strengthens its presence in Sweden

Swiss Post is continuing to pursue its international niche strategy. Its international unit, Swiss Post International (SPI), has acquired the Swedish letters processing company IMS Europe AB. It is thus expanding its presence in Scandinavia and will become a key provider in the Swedish postal market. IMS Europe AB, which has a staff of five, generated sales of around CHF 3.6 million in 2007.

The takeover of IMS Europe AB by Swiss Post International (SPI) took place with effect from 1 January 2008. IMS Europe AB is an independent letters processor based in Limhamm, near Malmö in southern Sweden. The company operates with the product groups marketing mail, business mail, business to consumer as well as press and packaging, and generated sales of around CHF 3.6 million in 2007 with five employees. With the takeover, SPI has gained a second foothold in Sweden in addition to its branch in Stockholm. SPI is thus strengthening its position in southern Scandinavia and is advancing to become a key provider in the Swedish postal market. It was agreed that the purchase price will not be disclosed.

With the acquisition, Swiss Post is continuing its strategy of generating growth in international niche markets, in line with the strategic objectives set by the Federal Council. In the meantime, Swiss Post already generates 20 percent of its sales abroad and in its cross-border business. Swiss Post International is a wholly owned subsidiary of Swiss Post and currently employs 1,200 people in eleven European countries, four countries in Asia and the USA. For 2007 SPI is predicting sales of over 1.1 billion Swiss francs. SPI is now number five on the cross-border letters market after Deutsche Post, United States Postal Service, Great Britain’s Royal Mail and France’s La Poste.
1 US Dollar = 1.09657 Swiss Franc

Swiss Post is continuing to pursue its international niche strategy. Its international unit, Swiss Post International (SPI), has acquired the Swedish letters processing company IMS Europe AB. It is thus expanding its presence in Scandinavia and will become a key provider in the Swedish postal market. IMS Europe AB, which has a staff of five, generated sales of around CHF 3.6 million in 2007.

The takeover of IMS Europe AB by Swiss Post International (SPI) took place with effect from 1 January 2008. IMS Europe AB is an independent letters processor based in Limhamm, near Malmö in southern Sweden. The company operates with the product groups marketing mail, business mail, business to consumer as well as press and packaging, and generated sales of around CHF 3.6 million in 2007 with five employees. With the takeover, SPI has gained a second foothold in Sweden in addition to its branch in Stockholm. SPI is thus strengthening its position in southern Scandinavia and is advancing to become a key provider in the Swedish postal market. It was agreed that the purchase price will not be disclosed.

Continuation of niche strategy

With the acquisition, Swiss Post is continuing its strategy of generating growth in international niche markets, in line with the strategic objectives set by the Federal Council. In the meantime, Swiss Post already generates 20 percent of its sales abroad and in its cross-border business. Swiss Post International is a wholly owned subsidiary of Swiss Post and currently employs 1,200 people in eleven European countries, four countries in Asia and the USA. For 2007 SPI is predicting sales of over 1.1 billion Swiss francs. SPI is now number five on the cross-border letters market after Deutsche Post, United States Postal Service, Great Britain’s Royal Mail and France’s La Poste.

1 US Dollar = 1.09657 Swiss Franc