DHL Romania completes acquisition of Cargus
Purchase aims to maintain DHL’s position as one of the top players on the local market for express courier services.
The agreement initially announced in April and was formally approved by the country’s Competition Council in September.
The Cargus acquisition is part of DHL International Romania’s strategy to remain the top player on the local market for express courier services. Negotiations between the two companies started in 2006, when DHL approached Cargus for the first time, thus launching this long-term partnership.
The acquisition process passed through several complex stages with Cargus being the object of some rigorous legal and fiscal procedures. On 3 December, all the parties involved including DHL, Cargus, the Competition Council, the law firm McGregor & Partners and the management consultancy firm Byron Associates confirmed that the transaction was successfully completed.
Cargus is the largest company on the courier market in Romania. It has more than 90 offices and dispatching centres, a fleet of more than 600 vehicles and more than 1,700 staff and partners.
Under the acquisition agreement, DHL Express and Cargus will remain separate companies and will maintain their present brands and service offering. Integration will focus on operational improvements, exchange of best practices and cost optimisation. However, the companies will work towards single interfaces towards customers.
