Tag: GLS

TNT/Royal Mail: GLS sale would suit both sides

Posted by | Jun 10, 2005 | |

TNT has expressed interest in acquiring Royal Mail’s European parcel unit GLS Holding, among other global targets, to expand its express delivery network and increase market share. Although Royal Mail has yet to make a comment, a possible sell-off could work well with the group’s plans for semi-privatization.

According to the German magazine WirtschaftsWoche, TNT may be planning a series of acquisitions, one of which could be Royal Mail’s subsidiary General Logistics Systems (GLS), CEO Peter Bakker said in an interview.

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TNT eyes acquisition in Asia, mulls takeover of Royal Mail’s GLS unit

Posted by | Jun 8, 2005 | |

TNT NV may soon acquire a shipping company in Asia to expand its network there and is interested in taking over Royal Mail Group PLC’s unit GLS Holding, German weekly magazine Wirtschafts Woche said in a report to be published tomorrow, citing chief executive Peter Bakker.

‘The US is UPS- and Fedex-land,’ Bakker told the magazine in an interview. ‘And whoever thinks, as Deutsche Post does, he can be profitable there with a 6-8 pct market share is wrong.’

Deutsche Post World Net AG’s package delivery arm DHL last month said it does not want to chase US market share from rival UPS and Federal Express and is reining in its ambitions in North America.

Bakker also said he can imagine taking over Royal Mail’s GLS unit as an independent parcel service, adding the company is ‘looking into every interesting opportunity for an acquisition’.

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Deutsche Post may face legal action from GLS

Posted by | May 24, 2005 | |

General Logistics Systems (GLS), the German parcel forwarding subsidiary of UK postal group Royal Mail, is threatening legal action against German postal operator Deutsche Post. GLS, formerly named German Parcel, is demanding access to the delivery service of Deutsche Post as part of a plan to expand into letter deliveries. It argues that the discounts allowed by the postal service operator to rivals for the consignment of pre-sorted letters are insufficient at a maximum of 20 per cent. GLS is planning to collect letters from customers, carry out sorting and transfer the mail to the distribution network of Deutsche Post, but this plan has been rejected by Deutsche Post so far.

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GLS group expands European footprint

Posted by | Apr 25, 2005 | |

GLS, the Royal Mail-owned international parcels group, has strengthened its European network with several financial investments and expansion moves. In the Czech Republic, it launched a start-up subsidiary on 1 April and will invest EUR 2m in the new company, including EUR 0.6m in the first year. In Poland, the group has bought 100% control of GLS Poland in which it previously held 25.1% and plans a system partnership with the previous majority shareholder, the Raben Group. In Spain, GLS is expanding through its own network and a new partnership. Barcelona-based subsidiary Extand Sistema was renamed GLS Spain in March. At the same time, the group is now co-operating with Chronoexpress, a subsidiary of the Spanish post office Correos.

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