The move will enable both groups to strengthen their core business: last mile delivery for DPD and international distribution and logistics services for Geis in both countries. The transaction is subject to approval by the anti-trust authorities.
Geis Parcel CZ s.r.o. (Czech Republic) and Geis Parcel SK s.r.o. (Slovakia) are among the largest parcel service providers in their countries. Both companies have been operating profitably for many years.
“In this rapidly growing parcel market, we want to further develop our business to better support the development of our customers”, explains Yves Delmas, COO Europe DPDgroup. “We are therefore very pleased that we were able to reach an agreement with Geis.”
Hans-Georg Geis and Wolfgang Geis, Managing Partners of the Geis Group commented:“Now that we have been co-developing the parcel markets in the Czech Republic and Slovakia for over 25 years, it is the right time for us to hand over the parcel business to a specialised company with European coverage.”
“In the future, we want to concentrate on our traditional core businesses of forwarding services, contract logistics and air and sea freight and further expand our strong market position in Central Europe”.
Since its foundation in 1945, the Geis Group, headquartered in Bad Neustadt, Franconia, has developed into a global full-service logistics provider at 116 network and logistics locations throughout Europe. The owner-managed company offers its customers the complete range of logistics services: from classic truck transport to global air and sea freight to complex logistics services.
Source: Post and Parcel