Hermes takes majority stake in German same-day delivery company

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.

 

 

About The Author

Ian Taylor

Ian Taylor is the Editor of Triangle’s Mail & Express Review Magazine and the www.postandparcel.info portal. Ian has been a business journalist for almost 30 years, editing and writing for a wide range of magazines and newspapers with a particular focus on the transport and logistics industries.

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