GLS buys Redyser for €16.5m
In a statement issued yesterday (1 February), GLS said that Redyser will strengthen its position as Spain’s second biggest express parcels network, following the acquisition of ASM Transporte Urgente in June 2016.
Headquartered in Murcia, Redyser delivers around 14m parcels a year, operating through a network of over 200 agencies and franchises and 12 sites in Spain’s main cities.
Redyser generated revenue of around €45m in 2017 and will be consolidated within the existing Spanish operations.
Rico Back, Chief Executive Officer, GLS Group, said: “Following the successful acquisition and integration of ASM, Redyser supports our strategy to scale up and grow existing businesses in core markets. Redyser will help GLS provide a broader offering and expand our presence. Redyser customers will benefit from a strong European network.”