Tag: Spain

Spanish express company MRW was able to raise turnover 10.6percent

Spanish packet express company MRW was able to raise its turnover last business year by 10.6percent over its 2002 results (EUR 390 million) to EUR 431.52 million. Francisco Martin Frias, General Director of MRW, expects “similar or improved figures” for this year. Practically all services the company offers had been able to raise their turnover, as Frias stated.

MRW has opened 23 new branches last year and is currently working with a network of 686 franchise bases. Martin Frias said: “We want our franchise partners to open up to another thirty branches each year.”

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Bridgepoint And JPMorgan Partners Sign Definitive Agreement To Acquire Seur Madrid

The shareholders of Servicio e Información Urgente de Transporte, S.A. (“SEUR Madrid”) have signed a definitive agreement with the investment funds managed by Bridgepoint and JPMorgan Partners to sell 100% of the company, which also includes a 21% stake in SEUR, S.A.

– This acquisition marks the successful closing of a selection process to find an investor to support SEUR Group’s future

NOTE – THIS ACQUISITION DID NOT HAPPEN. SEE LATER ARTICLES (JULY 04)

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Seur Portugal

Seur Portugal, the local unit of Spanish express courier company Seur, generated in 2003 a turnover of 24.71 mln euro ($30.3 mln), it was reported on April 1, 2004.

Seur Portugal’s 2002 turnover totalled 22.6 mln euro ($27.7 mln).

Seur’s global turnover increased by 9.62 pct year-on-year to 499.68 mln euro ($613.2 mln) in 2003.

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