Austrian Post Acquires Belgian Pharmaceutical Logistics Company
The Austrian Post Group acquired a 100 pct shareholding of HSH Holding B.V.B.A. based in Belgium. HSH serves as a holding company for its two subsidiaries MIT N.V. and Distra N.V., specialising in non temperature-controlled pharmaceutical logistics, particularly in the health care segment.
In the 2007 financial year, HSH generated total revenue of about EUR 18m, with a work force of 180 employees. The geographical focus of its business activities, featuring 1.7m shipments or correspondingly 5m parcels, is the Benelux countries. Accordingly, following the acquisition of “Van Osselaer Pieters Colli Service“ (VOP) in Belgium and “Dedicated Distribution Services“ (DDS) in the Netherlands from DHL Express in 2007, Austrian Post is further expanding its position in the Benelux countries. These markets are closely linked to Austrian Post’s specialty logistics operations in Germany.
The acquisition of HSH Holding further strengthens Austrian Post’s foothold in the health care and pharmaceutical logistics niche.
The Austrian Post Group acquired a 100 pct shareholding of HSH Holding B.V.B.A. based in Belgium. HSH serves as a holding company for its two subsidiaries MIT N.V. and Distra N.V., specialising in non temperature-controlled pharmaceutical logistics, particularly in the health care segment.
In the 2007 financial year, HSH generated total revenue of about EUR 18m, with a work force of 180 employees. The geographical focus of its business activities, featuring 1.7m shipments or correspondingly 5m parcels, is the Benelux countries. Accordingly, following the acquisition of “Van Osselaer Pieters Colli Service“ (VOP) in Belgium and “Dedicated Distribution Services“ (DDS) in the Netherlands from DHL Express in 2007, Austrian Post is further expanding its position in the Benelux countries. These markets are closely linked to Austrian Post’s specialty logistics operations in Germany.
The acquisition of HSH Holding further strengthens Austrian Post’s foothold in the health care and pharmaceutical logistics niche.
