Hermes expands to Italy
Hermes Logistics Group has acquired a stake in Italian parcels and logistics company Swiss Post Porta a Porta, having taken over 30 pct of the share capital from majority shareholder Swiss Post International (SPI) to further expand its international presence and strengthen its position as Europe’s key logistics service provider in delivery to private households.
In return, SPI which does not wish to invest in domestic networks, is able to focus on the cross-border letter market, and will also become the preferred sales partner of HLG for international B2C services in European markets.
With a central hub in Milan and 63 depots throughout the country run by sub-contractors, one of Porta a Porta’s specialist areas is the nationwide distribution of items to both business and private customers. In 2006, the company delivered some 3.5 items to private customers, giving it a 7 pct share of the market. “No other private service provider in Italy has such a well-established B2C network as Porta a Porta,” says Jean-Pierre Streich Head of Swiss Post International.
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