Posten becomes sole owner of Norwegian Tollpost Globe
Posten has today entered into an agreement with DSV Road Holding (DSV) on the acquisition of DSVs shareholding of 50 per cent in Tollpost Globe. The acquisition means that that Posten becomes sole owner of Tollpost Globe and strengthens Posten’s position in the Nordic logistics market.
In 2001, Posten acquired half of Danish DSV. Today’s acquisition means that Posten becomes the sole owner of Tollpost Globe and that Henrik Höjsgaard, CEO of Posten Logistik AB, becomes chairman of the board of executives. Robin Olsen continues as CEO of Tollpost Globe.
Tollpost Globe is a strong brand in the Nordic logistics market. The company has 935 employees, a turnover of approx. NOK 2 400 million and has national coverage distribution in Norway based on its own infrastructure. Tollpost Globe has an extensive cooperation with Posten as well as DSV. Within the cross-border parcel and pallet service to and from Norway. The commercial relationship between DSV and Tollpost will continue even after the transaction.
The acquisition sum amounts to NOK 1 070 million. The transaction’s continuation is subject to approval of competition authorities.
1 NOK = 0.181189 USD
Posten has today entered into an agreement with DSV Road Holding (DSV) on the acquisition of DSVs shareholding of 50 per cent in Tollpost Globe. The acquisition means that that Posten becomes sole owner of Tollpost Globe and strengthens Posten’s position in the Nordic logistics market.
In 2001, Posten acquired half of Danish DSV. Today’s acquisition means that Posten becomes the sole owner of Tollpost Globe and that Henrik Höjsgaard, CEO of Posten Logistik AB, becomes chairman of the board of executives. Robin Olsen continues as CEO of Tollpost Globe.
Tollpost Globe is a strong brand in the Nordic logistics market. The company has 935 employees, a turnover of approx. NOK 2 400 million and has national coverage distribution in Norway based on its own infrastructure. Tollpost Globe has an extensive cooperation with Posten as well as DSV. Within the cross-border parcel and pallet service to and from Norway. The commercial relationship between DSV and Tollpost will continue even after the transaction.
More and more parcels and pallets are sent across the countries’ borders at the same time as more companies ask for flexible, cross-border and cost-effective turnkey solutions. Previously Posten Logistik handled parcels, pallets and express services throughout the whole of Norway through its subsidiary and via franchise network DPD. During 2007 Swedish Posten has also established a distribution network in Norway under the brand MyPack.
“As sole owner of Tollpost Globe we increase our presence in Norway and take one further step towards realizing our Nordic strategy. We can thereby take even better advantage of the growth opportunities which the increasing international flows mean”, says Erik Olsson, CEO of Posten AB.
The acquisition sum amounts to NOK 1 070 million. The transaction’s continuation is subject to approval of competition authorities.
1 NOK = 0.181189 USD
