Article Abstract:
The Dutch, British and Singaporean post offices have formed a joint venture to offset Germany's thrust for global dominance in postal markets. Deutsche Post AG has been on a two-year buying spree in Europe and the US that has seen it acquire a network of logistics, transport and parcel delivery services firms. On the other hand, the joint venture would combine the network of Dutch-owned courier service TNT, with the mail volume of the Singapore Post and the UK Royal Mail.
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Article Abstract:
Deutsche Post AG's acquisition of US-based Global Mail underscores the German company's determination to become a dominant player in global postal markets. The purchase also allows DP to expand its service portfolio to US companies, said Don Brooks of International Post Service, a DP subsidiary. The purchase likewise came at the heels of DP's additional investment in DHL, in which DP increased its stake from 22.5% to 25%. DP's expanding US presence complements its growing European network, where it has been building a pan-European parcel network with facilitie in Poland, Austria, Belgium and Switzerland.
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British Post Office, recently turned into a public limited company by the UK government, is set to announce major investments intended to bolster its international capability. The company is now preparing a five-year investment plan, which a spokersperson for the post office said has a good chance of being approved by the government. The government has granted greater commercial freedom to the company to allow it to catch up with rival German Post, which has been on an acquisition spree.
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