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.
