DHL Group acquires UK Mail
Deutsche Post DHL Group has reached an agreement on the terms of a recommended cash offer to acquire UK Mail, one of the largest integrated mail and parcel operators within the UK.
The deal is valued at £242.7 million.
The acquisition will allow Deutsche Post DHL Group to bring its expertise in e-commerce and parcel delivery together with UK Mail’'s existing customer base and network.
In particular, the acquisition of UK Mail:
▪ Strengthens the European market position of DHL Parcel, adding a commercial and operational presence, including pick-up and delivery capabilities, in the UK, Europe’s largest e-commerce market.
▪ Enhances Deutsche Post DHL Group and UK Mail’s customer value propositions.
▪ Strengthens UK Mail’s UK market position.
▪ Delivers significant synergy benefits.
Juergen Gerdes, Deutsche Post DHL Group Board Member, said: “"With this acquisition, we will further extend our network and have a strong foothold in Europe’s three largest e-commerce markets, the UK, Germany and France, which account for over 60% of online retail in the continent.”"
UK Mail has a network of over 50 sites in the UK, including an automated national hub in Ryton which can process up to 20,000 parcels per hour.
