Belgian Post Group (bpost) has completed the acquisition of consumer electronics repair and logistics firm DynaGroup, after an agreement was signed between the two companies on December 12, 2016.
The acquisition of the whole DynaGroup and its business units Dynafix, Dynalogic, Dynasure and Dynalinq, will enable bpost to add further logistical solutions to its services for e-commerce customers. The acquired businesses generated a consolidated turnover of 88.5m (US$94m) and a normalized earnings before interest, tax, depreciation and amoration (EBITDA) of 6.8m (US$7.2m) for the period ending December 31, 2015.
DynaGroup offers a range of logistical services and software, from the repair of electronics to personalized e-commerce delivery services, for both small products and large consumer products. DynaGroup counts approximately one thousand customers in the BeNeLux region.
Dick Wammes, CEO of DynaGroup, said, “Backed by the strength of bpost, we are better placed to achieve our fast-growth ambitions as an innovative logistics service provider in the BeNeLux, but also beyond. Our added value services complement bpost services and the joint portfolio creates a strong logistical offer for our customers. At DynaGroup we look forward to helping our shared aftersales and e-commerce customers achieve success over the coming years through the smartest supply chain, based on our innovation and strength in IT.”
Koen Van Gerven, CEO of bpost, said, “On the one hand, the logistical activities of DynaGroup are close to our own core businesses. On the other hand, it has successfully specialized in integrated end-to-end solutions and software, which offer clear added value to our parcels customers. In DynaGroup we have found an important complementary strategic partner and I look forward to continuing the pursuit of our ambitions in the parcel sector together.”
DynaGroup, established in 1995 and headquartered in Sittard in the Netherlands, will continue to operate under its own name as an independent personalized logistics division within bpost.
December 13, 2016
