Spanish DHL Iberia Buys Liste
DHL Iberia, the Spanish subsidiary of German express mail delivery group DHL, has bought Spanish cargo transport company Liste for an undisclosed sum, it was reported on June 14, 2004.
The acquisition is expected to strengthen DHL Iberia’s positions in the region.
Liste, founded in 1950, operates in the Pontevedra and Vigo provinces in the Galicia region, northwestern Spain. The company has 3,000 sq m facilities in Vigo and 1,000 sq m facilities in Pontevedra. It employs 69.
In 2003, Liste posted a turnover of 8.3 mln euro ($9.9 mln), received 485,000 orders and carried 30 tonnes of cargo.
[Editor’s note: Logistics companies operating in Spain posted 2.36 bln euro ($9.938 bln) turnover for the first quarter of 2004, a 10.1 pct year-on-year increase, according to Spanish consultancy DBK, the Spanish News Digest reported on April 27, 2004. The first five Spanish logistics companies in terms of turnover, Logistico Los Santos, Exel Iberia, Gefco, DHL and FCC, generated 30 pct of the total.]
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Source: Invertia
