Fri, 07 Oct 2016 | BUSINESS SALE
UK Mail has agreed to a £243 million takeover from Deutsche Post. The deal is set to boost competition in the postal market sector, with Royal Mail coming under increasing pressure.
UK Mail, founded in 1971 by Peter Kane, has been struggling for a number of months. Problems at its sorting facility caused the company to issue two profit warnings last year as well as the departure of chief executive Guy Buswell.
The deal, which saw UK Mail’s share price soar by 43 per cent, was welcomed by Mr Kane, who said that the offer from Deutsche Post would give UK Mail shareholders a significant premium on their shares. In a statement, he said: “The board believes that UK Mail will benefit significantly from becoming part of Deutsche Post DHL, and will be better positioned to continue to develop our parcels and mail businesses with the benefit of Deutsche Post DHL’s greater financial and operational resources.
”There will be significant synergies including additional volumes flowing through our network from Deutsche Post DHL’s global operations.”
With the acquisition, one of Europe’s largest parcel company will grab a significant foothold in the UK. As the traditional letter is replaced by parcels from online shopping, Royal Mail is facing a serious threat to its once dominant position.
Discussing the acquisition, Jürgen Gerdes, a board member at Deutsche Post DHL, 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 more than 60% of online retail in the continent.”
Click here to see more businesses for sale.
The company has been a pioneering provider of retail EPOS software for over 25 years, with its proprietary software spanning both the retail and hospitality sectors, and a recent acquisition of cutting-edge hospitality solutions, this opportunity inc...
This well-established business offers a unique acquisition opportunity with its bespoke, high-quality wine-related accessories and strong market position in the UK and international B2B sectors. Its longstanding relationships with high-profile custom...
FREEHOLD
This business provides a unique opportunity to acquire a well-established company specialising in bespoke MFC cabinet products, benefiting from strong regional reputation and long-standing customer relationships across multiple sectors. With a skille...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.