Austrian Post and trans-o-flex set course for expansion in Europe
Strong position in German niche markets – plans to extend market leadership in the health care and pharmaceutical sectors – further acquisitions envisioned
Austrian Post and its German logistics subsidiary trans-o-flex will continue pursuing an expansion course in Germany and Europe, with the intention of acquiring additional companies. This was announced by Anton Wais, Chairman of the Management Board of Austrian Post, and Klaus J. Heinz, Speaker of the Management Board of trans-o-flex, speaking at a joint press conference in Frankfurt today.
In addition to trans-o-flex, Austrian Post operates on the German postal market through its subsidiaries AUSTRIAN POST International, meiller direct and Scanpoint. These companies specialise in national and international letter mail as well as mailings. Total revenues of the four companies, which have approximately 2,250 employees, is about EUR 600m.
Austrian Post also aims to expand its business activities in the parcels and specialist logistics segments in Eastern Europe, on the basis of its parcel services companies in Croatia (Overseas), Slovakia (SPS and In Time) as well as in Hungary (Merland Express and Road Parcel). At present, Austrian Post directly or indirectly employs more than 4,500 people in these countries, achieving above-average growth rates.
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