Deutsche Post moves into British market with £242m UK Mail buy

jeewee_29741221

© Jeewee

By Alex Lennane

28/09/2016

In a new threat to Royal Mail, Deutsche Post has increased its market share in the UK with a £242.7m acquisition of UK Mail, a business-focused parcel delivery firm. The German company said it wanted to boost its foothold in “Europe’s largest three e-commerce markets”. UK Mail has been under pressure after problems at its automated sorting facility triggered two profit warnings last year.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

Deutsche Post Royal Mail UK Mail China Post FedEx M-R-U postal services SEKO Logistics ShipSights Swiss Post UPS UPU US Postal Service

Most Read

China's economy stutters as global economic centre of gravity shifts south

U-turn as Matson suspends premium transpac service amid falling demand

Geodis CEO considers new investors for expansion in Europe and the US

Another week of tumbling spot rates – here come the 'carrot danglers'

Ocean and air freight demand softens – uncertain year ahead, says Geodis CEO

Liverpool dockers begin two-week strike after rejecting 'generous' pay offer

Felixstowe Port pay dispute turns bitter as second strike by dockers looms

Amazon Air takes its foot off the expansion accelerator as market slows

Wan Hai says it may be open to reducing shipping contract rates, 'short-term'

Charter market at a crossroads, as shipping rate collapse makes owners 'nervous'

Against the odds: DSV, Mærsk, DP-DHL & Kuehne – catching falling knives

UK's HMRC extends CHIEF use for companies unable to switch to CDS

Allseas hits back at vessel arrest claims as it renegotiates charter rates

Freight rate bonus for carriers leads to 15% hike in Suez Canal fees

Signals go green for transport of electric vehicles on China-Europe rails

Against the odds: Post-FedEx, 'avoid' UPS? Uhmm...