Deutsche Post set for European shopping trip
Deutsche Post is mulling the purchase of Dutch letter distributor Sandd along with other possible European deals. Deutsche Post is also looking at Adrexo in France, DX Services in Britain and Letterbox in Finland, plus companies in Denmark and the Czech Republic, the business daily Handelsblatt said, citing sources close to Deutsche Post, which owns the DHL courrier service.
French rival La Poste is also interested in Sandd, which is the second biggest courier distributor in the Netherlands.
The report quoted a Deutsche Post spokesman as saying only that “we are following the evolution of foreign markets and are studying the possibility of an entry” into them.
Deutsche Post employs around 500,000 people in 220 countries and generated revenues of more than 54 billion euros (77 billion dollars) last year.
