Germans to Take 25 percent Stake in DHL

Share this content:
BONN - The German Post Office, Deutsche Post AG, will announce on Wednesday that it is taking a 25 percent stake in DHL, the $3 billion US delivery service company.


The acquisition has been in the works for the better part of a year, informed sources said, ever since the Dutch bought Australia-based TNT last year.


Deutsche Post AG's contracts with TNT expire in the middle of this year and it did not wish to renew them with a company owned by a major rival. The Dutch and the Germans have been feuding on postal markets for years.


As a result the Germans have been looking for a new partner to help them handle their international courier and express service. The acquisition was reported in the Frankfurter Allgemeine Zeitung, Germany's most prestigious newspaper.


Deutsche Post AG has declined comment on the move but postal chief Klaus Zumwinkel has scheduled a press conference on March 25 in Frankfurt to inform the media about "a milestone in our international strategy."
Loading links....

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here