PostNL decides to continue investment in Nexive
Netherlands postal operator PostNL has decided to continue its investment in its Italian operation, Nexive. “Nexive contributes positively to PostNL’s results and has growth potential in the Italian market for mail and parcels with its own last mile delivery network,” said PostNL, in a statement issued today (2 October).
PostNL said that it expects that the local management will be able to grow Nexive’s market share by “expanding its customer base, increasing the geographical spread of the Formula Certa network as well as offering additional value added services to its customers”. Nexive’s parcels network also “shows good prospects for profitable growth”, added Post NL.
Nexive has been operating in Italy since 1998. According to PostNL: “Its 5,500 employees and partners currently handle about 500m items a year, reaching about 80% of Italian homes.”
PostNL looked at its investment in Nexive as a part of a “strategic review” of all its international activities. As previously reported, the review of the activities in the United Kingdom resulted at the end of July in an agreement on the main conditions of an intended management buy out of Whistl. The strategic review of the German activities is ongoing.
