Hermes takes majority stake in German same-day delivery company
Hermes has upped its stake in the German same-day delivery specialist Liefery from 28.5% to 67%. Liefery is the leading player in the German same-day delivery market. Its volumes grew tenfold in 2016 and it is currently delivering in more than 60 cities for a range of customers, including Amazon.
Hermes, which bought its initial 28.5% holding in July 2015, told Post&Parcel that the extra investment will fund Liefery’s plans for future growth.
In a statement sent to Post&Parcel, Franz-Joseph Miller, Chairman and founder of Liefery, said that the company sees “tremendous opportunities for the future” – especially in the food delivery sector.