Tag: Germany

Williams Lea enters German market with Corporate Information Solutions proposition

Posted by | Oct 30, 2007 | |

Williams Lea, subsidiary of Deutsche Post World Net and leading global provider of Corporate Information Solutions, is successfully moving ahead with its expansion strategy. This month, the company will start operating in Germany under the brand Williams Lea Deutschland. As part of this expansion, Williams Lea Deutschland will take over Deutsche Post’s document management business with more than 2,800 employees at more than 60 locations in Germany.

The launch has been marked with the announcement of a multi-year exclusive partnership with The Reader’s Digest Association, Inc (RDA), the world’s largest global publisher and direct marketer. The relationship represents a managed cost base of over 700 million euros over the contract duration and will see Williams Lea deliver outsourced print procurement and marketing solutions to RDA’s operations in 19 countries with the global transfer of 100 RDA employees.

Since being acquired by Deutsche Post World Net at the beginning of 2006, Williams Lea has nearly doubled its revenue. For the ongoing fiscal year, the company is projecting its revenue will reach 1.2 billion euros and boasts a client portfolio including Microsoft, Norwich Union, British Telecom and BMW.

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Geodis is acquiring Rohde & Liesenfeld (R&L)

Posted by | Oct 29, 2007 | |

Geodis is acquiring Rohde & Liesenfeld (R&L), its main freight forwarding partner, for EUR 77 million. Reinforcing its strength in the freight forwarding business, Geodis is taking positions in the German and South African markets and deepening its Latin American network.

Rohde & Liesenfeld (R&L), the Geodis network’s main partner since 2002, is a German-based international air and sea freight forwarding group. Its 2007 net revenue is forecasted to be EUR 270 million (excluding Customs revenue), attributable to both freight forwarding and industrial projects. R&L operates mainly in Germany (34 pct of revenue), Latin America (17 pct), South Africa (16 pct) and Australia/New Zealand (14 pct) and has 710 employees.

The acquisition of R&L will broaden the geographic reach of the Geodis Wilson network, which will gain a significant position in Germany, thereby making Geodis Wilson a major player in German freight forwarding. This acquisition will also enable Geodis to serve new international markets – particularly South Africa, where R&L is well established – and substantially deepen its presence in Latin America. In addition, the Group will benefit from R&L’s expertise in handling industrial projects, especially in the oil and gas industry.

On this basis, R&L’s enterprise value has been estimated at EUR 90 million and Geodis will acquire its shares for EUR 77 million.

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Loukas Rizos to resign from Postbank's Management Board in Germany

Posted by | Oct 23, 2007 | |

Loukas Rizos, member of the Management Board responsible for financial markets at Deutsche Postbank AG, is exercising his contractual right and will leave the bank on June 30, 2008, to take on a new responsibility at another financial institution.

Postbank’s Supervisory Board and Management Board regret this move. The company will name a suitable successor by the above-mentioned date.

Mr Rizos has been with the bank since 2000. His responsibilities include the treasury, dealings, and consortium business. He is responsible for Postbank’s investment policy and, as chairman of the administrative board, the business of the Luxembourg subsidiary.

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