Austrian Post AG plans own business parcel services
Austrian postal company Oesterreichische Post AG will sever its cooperation with parcel service company DPD and launch its own business-to-business parcel services in 2007, the Post AG supervisory board decided on September 2, 2005.
In the next two weeks Post AG will also buy a parcel service company in the Czech Republic, which CEO Anton Wais called the largest acquisition in the history of Post AG, referring to a well-known company. Wais, however, gave no details. Following the withdrawal from DPD Post AG is also considering acquisitions in Hungary and Bulgaria. Recently it bought Hungary’s direct handbill distributor Feibra.
