Tag: Romania

DHL Romania increases H1 revenues by 40pct and expects further growth through Cargus

Posted by | Sep 4, 2008 | |

DHL Romania increased its turnover by 40pct year-on-year in the first half of 2008, mainly on the growth of the express market in the country. In addition, the company expects further growth after its acquisition of Cargus, the country manager of DHL Romania, Gian Sharp, told the Romanian Newspaper Ziarul Financiar in an interview.

The company’s turnover from domestic delivery services rose by 50pct year-on-year in the first six months of 2008. However, no exact figures were available.

DHL Romania acquired the Romanian express operator Cargus in April 2008 for EUR 50 million (USD 72.59 million). The takeover, which is still pending approval by the domestic competition regulator Competition Council, may be completed by the end of September 2008.

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Eastern Europe Postal Operators Takes Part in ACTIN

Posted by | Sep 4, 2008 | |

Romanian Post announces that this week sees the start of the ACTIN project with session communications focusing on quality of service.

ACTIN stands for Acquis Communautaire Training Initiative. The project aims to help prepare eastern european postal operators for the changes to internal markets as a result of postal liberalisation and in particular, competition. ACTIN is supported by the European Commission under its BSP2 Business Support Programme, a part of the PHARE initiative, and is coordinated by PostEurop (the Association of European Public Postal Operators), in cooperation with FEDMA and IPALMO (an Italian Research Institute).

The main beneficiaries are said to be Romania, Bulgaria, Croatia and Turkey. The Pro Actin goal is to help operators adapt their business practices so they can compete successfully in the enlarged Union. The project works on a “training the trainers” model; this means that the people who benefit directly from the ACTIN training sessions will be able to go back to their home countries and businesses and pass on the knowledge they have acquired.

The seminar is supported by Belgium, France, Greece, Italy, The Netherlands, Portugal and the Slovak Republic. Romanian Post was nominated to host the ‘quality of service’ seminar.

The event runs from September 2-4, is conducted under the aegis of two major organizations: the European Commission represented by Mr. Denis Sparas, Project Manager and PostEurop Represenative Mr Ingemar Persson, general secretary of PostEurop.

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DHL Romania offers highest growth opportunities after Cargus integration

Posted by | Sep 3, 2008 | |

After more than two years of talks over the acquisition of Cargus, DHL Romania will begin to make joint decisions on behalf of both companies.

According to estimates, DHL and Cargus will operate an over 80 million-euro business together, double the business volume of the players behind them (Fan Courier and TNT), based on the budgets announced by the companies at the beginning of the year.

On the other hand, Cargus had a gentlemen’s agreement with the owners, negotiating the sale exclusively with DHL. Cargus, one of the leading domestic courier companies was worth 50 million euros at the time of the deal, according to sources on the market, a value its officials did not confirm. The sale-purchase contract included a number of conditions such as dropping Cargus’ partnership with GeoPost and keeping the Cargus brand. As Sharp explained, working out the final details was actually the most difficult moment of the negotiations.

The two companies are now awaiting the approval of the Competition Council and have already set their first joint budget – an increase of 30 pct in 2009. In addition, management consultant Baron & Associates has been hired to help integrate Cargus.

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Romanian Competition Council approves acquisition of Curiero

Posted by | Aug 25, 2008 | |

Romania’s Competition Council gave RTC Holding, one of the largest distribution and retail groups in Romania, the green light to take over Romanian major courier company Curiero and its subsidiaries Curiero Express and Curiero Spedition, according to Mediafax News Brief Service.

The Council confirmed that the transaction does not breach competition rules. RTC Holding will operate the parcel and freight transport services of Curiero through its existing subsidiary TCE Logistica, another Romanian major courier operator.

Two months ago, TCE and Curiero announced plans to merge their businesses in order to strengthen their competitive position targeting combined revenues of EUR 30 million this year. TCE, the smaller of the two companies, yet financially a stronger one, recorded revenues of EUR 11 million last year while Couriero had revenues of EUR 14 million.

There have been several major transactions in the Romanian CEP market this year, including DHL’s acquisition of Cargus, GeoPost’s purchase of a 80 pct stake in Pegasus and the UPS buyout of local partner TCS. The Romanian courier services market is estimated at EUR 200 million.

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DPD expands network to Romania

Posted by | Aug 21, 2008 | |

DPD is further expanding its business in Eastern Europe: the Romanian courier and express parcel service company Pegasus is now part of the DPD network. At a press conference Arnold Schroven, CEO of DPD Dynamic Parcel Distribution GmbH & Co. KG and Pegasus CEO James Gray-Cheape announced details of the collaboration. Pegasus is one of the most successive Romanian CEP service providers.

GeoPost has been established for several years in the core European countries with its international brand DPD and is continuing to expand its network in the direction of Eastern Europe. Today DPD has the strongest road network throughout Europe. Arnold Schroven stresses, “Due to our clear growth strategy, more and more franchisees are deciding to operate under the DPD brand and benefit from our international size.”

Pegasus has 74 depots and a workforce of 200 in Romania. The company works together with around 250 service providers. Every day more than 6000 parcels are delivered throughout Romania. Pegasus was the first company to offer a door-to-door delivery service in Romanian towns and cities.

As a result of the introduction of the DPD standard, DPD CLASSIC services are also now available in Romania. These are a reliable and efficient solution for the simple dispatch of items within Europe. The services comprise defined delivery times, rapid transport handling and offer an excellent price-performance ratio.

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