TPG Acquires remaining 40% stake in leading direct marketing company in the Czech Republic and Slovakia
TPG ACQUIRES REMAINING 40% STAKE IN LEADING DIRECT
MARKETING COMPANY IN THE CZECH REPUBLIC AND SLOVAKIA
The mail, express and logistics company TPG N.V. has acquired the
remaining 40% of the shares in the DIMAR Group through Cendris, a
subsidiary of TPG Post. DIMAR is one of the leading providers of full-service
direct marketing activities in the Czech Republic and Slovakia. TPG had
already acquired a 60% stake in DIMAR in 2002.
The DIMAR Group has combined revenues of € 9 million and 160 employees,
and offers a wide range of Direct Marketing activities in the Czech Republic
and Slovakia. The company offers services in the area of customer relation
management (CRM), database management, consumer and business
information, printing, creative design and call centres.
Ger Jacobs, Managing Director of Cendris said: “This acquisition is in line with
Cendris’ strategy of gaining a leading position in the area of Direct Marketing
in Central Europe. A 100% stake puts Cendris in a better position to achieve
synergy in the area of marketing and product development in combination with
TPG Post’s distribution activities in Central Europe.’
Cendris reported total sales of € 210 million in 2002. With a staff of 4,000,
Cendris offers a variety of specialised solutions for direct communication, data
and document management in the Benelux, United Kingdom, Italy, Germany
and Central Europe”.
Cendris’ mission is to support organisations in their efforts to effectively and
efficiently establish and maintain lasting customer relationships and optimally
organise their internal data and document-related processes. Cendris fulfils
this mission by deploying strong individual specialisations in the area of data
and document services, and by developing and implementing total solutions
and concepts.
TPG N.V., with its two brands TNT and Royal TPG Post, is a global provider of
mail, express and logistics services. The group employs over 161,000 people
in 62 countries and serves over 200 countries. For 2002 the company reported
sales of € 11.7 billion, an increase of 5% over the previous year. In the first half
of 2003 sales have grown by 1%. TPG N.V. is publicly listed on the stock
exchanges of Amsterdam, New York, London and Frankfurt.
For further information, please contact (not for publication):
Daphne Andriesse
TPG Media Relations
Tel: +31 20 500 6224
E-mail: [email protected]