TPG expands unaddressed mail network in Germany
Mail, express and logistics company, TPG N.V, through its subsidiary TPG Post Holdings (Deutschland) GmbH in Germany, has today acquired 100% of the shares in Werbeagentur Fischer GmbH, a Bergen, Bavarian-based unaddressed mail distribution company.
The acquisition gives TPG Post access to a round-based delivery network covering 300,000 households in south-eastern Germany. Fischer is the market leader in its area and in 2002 the company delivered over 132 million leaflets.
Harry Koorstra, Group Managing Director of TPG Post, says: “By acquiring Werbeagentur Fischer, TPG Post further adds to its coverage and density in the German unaddressed mail market. This is a vital part of TPG’s strategy to become the second largest mail company in Germany and the first truly pan-European mail company.”
Building on TPG Post’s existing unaddressed activities in North-West Germany, Berlin and Baden-Wuerrtemberg, this acquisition gives TPG Post direct access to south-eastern Germany and establishes a stepping stone for further regional expansion.
The current unaddressed mail coverage of TPG Post in Germany consists of some 14.5 million households with over 20,000 round-based deliverers. Besides unaddressed mail activities, these networks also deliver over 21 million addressed magazines.
Furthermore, TPG Post has total addressed mail activities in Germany via EP Europost, a joint venture between TPG Post and Hermes Versand Service, a subsidiary of the mail-order company, the Otto Group. TPG Post also has addressed city mail networks in the western part of Germany. In addition, its subsidiary Cendris is active in the areas of data and document management.
