DHL buys Cargus in Romania
DHL has recently bought the domestic express courier company Cargus. The acquisition is a part of DHL’s strategy to strengthen its position on the Romanian parcel services market, according to officials.
“We expect DHL and Cargus to become the number one on the Romanian domestic courier market in terms of market size and quality of service,” said Gian Sharp, managing director of DHL Romania. The firms will continue to act as separate entities and will keep their employees, brands and the type of services offered.
The value of the transaction was not disclosed, but according to market estimates, it was around EUR 50 million.
The new joint management team will be led by Sharp, while Augustin Plesea, president of Cargus, will keep his position on the Cargus management board.
The acquisition will be completed following Competition Council approval.
DHL’s international network links more than 220 countries worldwide and has some 300,000 employees. The group generated revenues of more than EUR 63 billion last year.
Cargus owns more than 90 offices and expedition centers, 600 vehicles and has more than 1700 employees.
DHL has recently bought the domestic express courier company Cargus. The acquisition is a part of DHL’s strategy to strengthen its position on the Romanian parcel services market, according to officials.
“We expect DHL and Cargus to become the number one on the Romanian domestic courier market in terms of market size and quality of service,” said Gian Sharp, managing director of DHL Romania. The firms will continue to act as separate entities and will keep their employees, brands and the type of services offered.
The value of the transaction was not disclosed, but according to market estimates, it was around EUR 50 million.
The new joint management team will be led by Sharp, while Augustin Plesea, president of Cargus, will keep his position on the Cargus management board.
The acquisition will be completed following Competition Council approval.
DHL’s international network links more than 220 countries worldwide and has some 300,000 employees. The group generated revenues of more than EUR 63 billion last year.
Cargus owns more than 90 offices and expedition centers, 600 vehicles and has more than 1700 employees.
