Colombia DHL Express denies rumours about Servientrega acquisition talks
Colombian company DHL Express, a subsidiary of global carrier and package delivery company DHL Express, part of the German postal services operator Deutsche Post, denied rumours that it is in talks for the acquisition of local logistics and courier company Servientrega.
The announcement was made by the general director of DHL Express, Antonio Arranz, on October 10, 2006. Arranz added that DHL Express might study in the future the possibility to strengthen its ties with some local delivery firm.
Servientrega’s president, Jesus Guerrero Hernandez, also said that no such talks were held.
Servientrega has its own logistics chain, spreading through Colombia, Miami (USA), Venezuela, Ecuador and Peru, and also provides packaging, storage and shipment management. Servientrega plans to invest USD5.2 mln (4.15 mln euro) in order to expand in Panama, Peru and Spain.
