Wincanton relaxed on Deutsche Post takeover of Exel – interview with Chief Executive
Wincanton PLC, the pan-European logistics group, is relaxed about the competitive implications of Deutsche Post AG’s agreed 5.5 bln eur takeover of Exel PLC that will create a world leader in air and sea freight forwarding and contract logistics, according to chief executive Paul Bateman. He said the deal won’t make the combined group any bigger in terms of UK logistics as Deutsche Post currently doesn’t have a presence. ‘On the Continent yes they will be bigger but I would guess that on the track record of Deutsche Post acquisitions ‘watch this space and see if they make any progress’. Last month Klaus Zumwinkel, Deutsche Post’s chief executive, admitted he was disappointed with the integration of DHL, which it acquired in 2002, in both France and the UK. Bateman noted that, unlike Wincanton, Deutsche Post has a presence in both America and in Asia and delivers letters and parcels.
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