TNT Post accelerates expansion in Germany
TNT Post announced it has been granted approval by the German Cartel authorities to take over Germany’s market leader in mail consolidation, PostCon Deutschland AG. TNT Post also announced it has expanded its own delivery network with another three businesses in the German federal states of Berlin-Brandenburg, North Rhine-Westphalia, and Lower Saxony. This reinforces TNT Post’s position as the number one challenger in the German market for delivering addressed mail. In 2006 TNT Post expects its revenues to increase to EUR 200 million. “TNT Post aims to increase its share of the German addressed mail market to about 10per cent within the next five years,” says TNT Post Germany Managing Director Mario Frusch, “making us the biggest competitor for Deutsche Post AG.”
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