UK Mail acquired by Deutsche Post in £243 million takeover

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.


Share this article



Latest Businesses for Sale

Authentic Sardinian Restaurant
Stoke Newington, North London, London, South East, UK

Il Bacio Express, an authentic Sardinian restaurant which was established by our client in 2000. Our client is now looking forward to moving back to Sardinia. Il Bacio Express opened in 2000 as a pizza and pasta café. Since then the business has grow...

Asking Price: £345,000
Turnover: £464,228

LEASEHOLD


Nationwide Loss Adjuster
UK Wide

Specialises in providing complete, responsive loss adjusting services for property, motor, goods in transit and liability insurance claims. The shareholders are offering the business for sale due to their retirement plans. Offers invited.

Asking Price: Offers Invited
Turnover: £327,000

FREEHOLD


Gas Leakage Repair Solutions & Pipeline Corrosion Protection
UK Wide

Gas leakage repair solutions and pipeline corrosion protection to the utilities industry. Strong second-tier management team in place able to run the day-to-day operations of the business. Offers invited.

Asking Price: Offers Invited
Turnover: £2,800,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources