Tag: Mail Services

Pitney Bowes applauds introduction of postal reform legislation

Posted by | Mar 18, 2005 | |

Pitney Bowes applauded the introduction of new postal reform legislation by Chairman Susan Collins and Senator Tom Carper, the Committee Democrat who has taken the lead on postal reform issues.

“With the introduction of Senate legislation, we move one step closer to delivering real postal reform that ensures our postal system will be the most efficient and effective that it can be,” said Michael J. Critelli, chairman and CEO of Pitney Bowes. “Having the best Postal Service possible will help everyone who mails — individuals and families for personal correspondence, small businesses that send a few letters and packages a month, and large volume commercial mailers. All of them drive the USD900 billion postal service industry.”

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German Hermes to increase number of outlets to 11,000 in 2005

Posted by | Mar 18, 2005 | |

German logistics services provider Hermes Versand, a subsidiary of mail order company Otto GmbH, plans to increase the number of its outlets to 11,000 in 2005 and get closer to the 12,000 of its chief competitor Deutsche Post, Hermes said on March 18, 2005. In 2004, Hermes snapped up 3.0 percentage points of the Deutsche Post share in the market for package deliveries to private clients and plans to have a 10 pct market share by the end of the current fiscal year, two years ahead of schedule, Hanjo Schneider, CEO of Hermes Logistik Group, said. The market, dominated by Deutsche Post and Hermes, has a volume of 60 million packages a year. According to Schneider, Hermes’ prices stand on average 25 pct below those of its larger rival.

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Denmark favours CVC Capital for Post talks

Posted by | Mar 18, 2005 | |

CVC Capital Partners, the UK private equity company, yesterday made clear its intention to play a leading role in a consolidating European postal sector after entering exclusive talks to buy 25 per cent of Denmark’s postal service.
The decision by the Danish ministry of transport and energy to favour CVC dashed the hopes of rival European mail groups. TPG, of the Netherlands, and Germany’s Deutsche Post had both submitted bids for Post Danmark. The Dutch company considered the stake critical as European markets are slowly opened to foreign predators. CVC said it had “substantial capital resources to provide Post Danmark with a strong platform for acquisitions and strategic alliances”, throwing down the gauntlet to mail groups as European governments weigh liberalisation.

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Deutsche Post says will not increase bid for Post Danmark

Posted by | Mar 18, 2005 | |

Deutsche Post AG said it will not increase its bid for the Danish postal service Post Danmark. The move comes after the Danish government announced it wants to sell its 25pct of the state’s shares in the postal service to UK-based CVC Capital Partners. ‘We respect the decision of the Danish government,’ a Deutsche Post spokesman said. ‘However, we will not increase our offer,’ he added.

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TPG drops from race for 25 pct in Post Danmark

Posted by | Mar 18, 2005 | |

TPG NV dropped out of the race for a 25 pct stake in the Danish national postal operator Post Danmark, TPG spokesman Tanno Massar said on March 18, 2005. Danish state, the owner of Post Danmark, will negotiate exclusively with the British equity fund CVC Capital Partners (CVC). The talks are to be completed in April 2005.

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