GeoPost strengthens its presence in Romania by becoming the majority shareholder of Pegasus
GeoPost acquired the majority of shares in Pegasus, a Courier and Express Parcel companies in Romania. Armadillo GMBH, the joint venture, between GeoPost and Yurtiçi Kargo, the leading express company in Turkey, and Pegasus representatives finalised the acquisition on 27 March 2008.
In 1997, Pegasus was established as a Romanian Registered Company and was the first company in Romania to provide intra-city door-to-door delivery services. From now on, Pegasus’s customers will be able to fully benefit from GeoPost´s parcel networks in Europe: the DPD road based products and services in Europe have proven to be extremely popular within all the other European domestic and international markets.
GeoPost acquired the majority of shares in Pegasus, a Courier and Express Parcel companies in Romania. Armadillo GMBH, the joint venture, between GeoPost and Yurtiçi Kargo, the leading express company in Turkey, and Pegasus representatives finalised the acquisition on 27 March 2008.
“GeoPost is aiming to be a leading international player present in all European markets with its international brand, DPD. The discussions and operational partnership that we have had with Pegasus over the last years have proved to be very successful” stated Marek Rozycki, CEO of CSEE (Central and South-Eastern Europe) at GeoPost.
In 1997, Pegasus was established as a Romanian Registered Company and was the first company in Romania to provide intra-city door-to-door delivery services. From now on, Pegasus’s customers will be able to fully benefit from GeoPost´s parcel networks in Europe: the DPD road based products and services in Europe have proven to be extremely popular within all the other European domestic and international markets.
“We want to congratulate the employees and partners of Pegasus Courier Srl who have joined together to reach this momentous occasion. I am extremely optimistic about Pegasus´s development within GeoPost. I am also proud to represent a strong, new subsidiary within the GeoPost Group” stated James Gray-Cheape, Chief Executive Officer of Pegasus Courier Srl.
