Mergers and acquisitions on domestic delivery market (Romania)
The beginning of this year brought an avalanche of mergers and acquisitions on the domestic delivery market in Romania. Founders of Cargus sold the company to the international player DHL, Pegasus was taken over by GeoPost and Yurtici Cargo company Trans Courier Service was bought by UPS, whereas TCE Logistics and Curiero merged.
Fan Courier is the only delivery company of the top three which did not announce its selling intention.
For this year, Fan Courier plans to make investments worth 20 million euros. “We’ve conceived ever since last year a pretty bold investments plan. We will construct a new headquarters that will endorse our growth. The land alone cost us 2.5 million euros and the investments in the building alone will reach about 8.5 million euros. To them adds the transporting strip that will cost other 4 million euros. Then there will be the equipment of all our couriers with PDAs (personal digital assistant), which entails other 2 million euros. However, when we will finalize the investments, our company might really compete from a technical and quality viewpoint with any company from Romania and from abroad,” say the owners of the company.
Related to a prospective sell of the company, there have been many offers but none went beyond the principle stage.
The first quarter of the year, the company reported a turnover worth 9.8 million euros, over the same period of the previous year.
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