Finland Post Group said on July 10, 2006 it would acquire Norwegian logistics firm Universal Spedisjon AS from the two families owning it.
No financial details were available.
The transaction is subject to approval by the Norwegian Competition Authority. It will not affect Universal Spedisjon’s staff of 75.
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Strong demand for same-day services from Europe¡¦s automotive sector pushed In Time Direkt-Kuriers¡¦s results for last year to record levels.
The german emergency logistics provider increased its turnover by 12% to „¡30m with its operating margin at a new high of 6%.
The European Commission has sent formal requests for information to the United Kingdom, Germany and Sweden on the VAT application of postal services. The United Kingdom and Germany exempt from VAT all or most postal services supplied by their former postal monopolies, while Sweden does not exempt postal services. Current VAT legislation is not yet adapted to the postal market that was liberalised by Directive 97/67/EC. The Commission, awaiting the revision of the current legislation according to its proposals , has to ensure a proper application of the VAT postal exemption in order to avoid distortions of competition between former monopolies and market entrants. The requests take the form of letters of formal notice, the first stage of the infringement procedure laid down in Article 226 of the EC Treaty. The Member States involved are invited to reply within two months.
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