Austrian Post has successfully acquired 100% of Serbian parcel delivery company D Express following approval by the relevant Serbian competition authority. The company will eventually be merged with City Express, another leading Serbian delivery company that is part of Austrian Post Group, to create one single, strong, parcel service provider.
According to Austrian Post, the goal is to combine the experience, infrastructure and operational strengths of both companies into a single entity and to further develop the parcel business in Serbia over the long term.
Peter Umundum, deputy CEO and executive board member for Parcel & Logistics at Austrian Post, “With the closing of this transaction, we will become the new market leader in the Serbian parcel business. To achieve this, we are combining two successful companies that know the market, its customers, and its requirements inside and out.
“We intend to gradually merge their strengths, make targeted investments, and jointly enable further growth,” he added. “In this way, we are creating a strong foundation for long-term and stable growth.”
D Express has a strong operational foundation, including its own logistics center in Belgrade, a nationwide network with 27 delivery hubs and more than 300 package stations. Together with City Express, the goal is to make even better use of existing expertise and capacities in the future and to consolidate them into a single company over the long term.
Related news: DHL Supply Chain expands presence in Colombia with Open Market acquisition