March 2000 Deutsche Post bought the shares in Air Express International (AEI) for a reported $1144m. In the DP annual report the actual cost was listed as Euros 1197m. Assets acquired were Euros 1708m of which Euros 1055m was goodwill. Liabilities were Euros 421m. In the year 2000 AEI enhanced revenue by Euros 638m and the profit effect was -10m Euros.
Read MoreJuly 1999 Deutsche Post has acquired a 49 percent stake in the Spanish parcel carrier, Guipuzcoana. It has an option over another two percent of the company shares exercisable after three years. Guipuzcoana group has 1700 employees persons and operates some 1600 vehicles through some 63 locations in Spain and Portugal. Company-wide revenues in 1998 amounted to around Ptas 31 000 million (Euro 186 million).
Read MoreMay 3 1999 Deutsche Post AG acquired YellowStone International Corporation – the largest privately held international publications distribution company in the United States based in Elk Grove Village, Il., YellowStone had 1998 sales of $21 million
Read More1 September 1999 Deutche Post through its Danzas subsidiary has acquired ASG. ASG has 5,700 employees, sales of EU 1.35 bn and profit before tax of EU 19.8m. The consideration was EU 384m
Read MoreApril 1999 Deutsche Post acquired the Swiss parcel service provider Qualipac AG
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