bpost buys DynaGroup

bpost buys DynaGroup

In a move aimed at strengthening its parcel division with “complementary logistical knowhow”, bpost has agreed to buy 100% of the shares of DynaGroup. bpost said that the acquisition of the whole DynaGroup and its business units (Dynafix, Dynalogic, Dynasure and Dynalinq) will enable the postal operator to add further logistical solutions to its services for e-commerce customers.

After the successful, bpost now takes another step in its growth and diversification strategy with regard to proximity and convenience.

DynaGroup, which generated a €88.5m turnover last year, offers a range of logistical services and software, from the repair of electronics (from smartphones to coffee machines) to personalized e-commerce delivery services, for both small products (ranging from passports to smartphones with contract finalization on the doorstep) and large consumer products (such as the delivery and installation of washing machines).

Today’s announcement about DynaGroup, follows on from bpost’s recent acquisition of the Belgian activities of Lagardère Travel Retail and a persistent, but so far unsuccessful, attempt to buy PostNL.

Koen Van Gerven, CEO of bpost, commented: “On the one hand, the logistical activities of DynaGroup are close to our own core businesses. On the other hand, it has successfully specialized in integrated end-to-end solutions and software, which offer clear added value to our parcels customers. In DynaGroup we have found an important complementary strategic partner and I look forward to continuing the pursuit of our ambitions in the parcel sector together.”

DynaGroup will continue to operate under its own name as an independent division within bpost.

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