TNT completes strategic acquisition in Spain express
TNT today announced that it has completed the acquisition of TG+, a leading Spanish domestic distribution company, after obtaining all regulatory approvals. The acquisition has already been announced on the 6th of December 2005. Through the acquisition of TG+, TNT expands and strengthens its domestic express business and fuels its international express business in Spain, a strategic market in Europe with high growth potential. At the same time it further drives growth of TNT’s leading position in the premium express delivery market in Europe by providing better coverage in this key market.
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