Deutsche Post Global Mail Acquires U.S. WorldMail Service from DHL

International mail services company Deutsche Post Global Mail announced yesterday that it has acquired DHL Worldwide Express’ U.S. WorldMail Service.
Deutsche Post Global Mail acquired DHL’s WorldMail service outside the U.S. earlier this year. Financial terms were not disclosed.
The U.S. WorldMail Service consists of two offerings: WorldMail First Class and Air Printed Matter, now known respectively as Deutsche Post Global Mail Priority and Deutsche Post Global Mail Standard.
Deutsche Post Global Mail and DHL Worldwide Express are both part of the Deutsche Post World Net group. Through the acquisition, DHL will continue to handle mail pickup, billing and customer service while Deutsche Post Global Mail will process the mail and distribute it to the destination country.
In other news, Deutsche Post World Net said Monday that it is setting up a mail distribution joint venture with Dutch publisher Wegener NV, aiming to become the second largest player in the Dutch postal market after TPG.
Deutsche Post said it will hold a majority in the mail delivery joint venture. Both companies will merge their Dutch letter delivery businesses and work together on marketing and sales, the Bonn-based company said. The aim of the cooperation is to improve service quality for both companies’ Dutch customers at competitive prices and to offer supplemental products with regard to letters.
Deutsche Post will also take a majority stake in Wegener’s unit Interlanden BV, which distributes free advertising and door-to-door newspapers in the Dutch mail market. Although Wegener is privately-held and DP released few financial details
about the transaction, analysts said Interlanden generated revenue of roughly $56 million during 2001 and currently has about 450 employees.