November 1998 Deutsche Post has acquired a 49.9% stake in Securicor Distribution with 50% of the voting rights, Securicor Distribution operates in the business sectors parcels and express, contract logistics, warehousing and making out of dispatch orders. The new joint venture employs around 12,500 people and runs 7,000 vehicles. In 1997, the turnover generated totalled around £ 562 million (DM 1,556 million).
Read More7 June 1998 Deutsche Post has increased its holding in DHL to 25.01%
Read MoreIn July 1997 Deutsche Post Bought 24.8% of Trans-o-Flex, a German based parcels and Logistics Company. Trans-o-Flex is a member of the Eurodis Network.
Read MoreApril 3, 2000 — Deutsche Post’s Global Mail subsidiary has bought QuickMAIL, the international mail division of U.S. courier firm Quick International Courier. QuickMAIL, with 100 staff and locations in New York, Los Angeles and Canada, had turnover of $24 million in 1998-99, Deutsche Post said in a statement. The acquisition will enable Global Mail, bought by the German post office in 1998, to expand its range of international mail services for U.S. customers, it added.
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