DPD UK makes same day delivery move with CitySprint deal
Parcel delivery firm, DPD UK, part of DPDgroup, is set to acquire same day delivery company, CitySprint.
Terms of the deal were not disclosed.
Elaine Kerr, CEO at DPD UK, comments: “Same day delivery is one of the fastest growing segments of the logistics market and so we are delighted to announce the intention to offer this new and exciting service to our customer offering.”
“Even before the pandemic, demand for both next day and same day deliveries was soaring, and this trend has only escalated, something which we see continuing.”
“DPD UK is already a market leader, and once this acquisition completes, our position in the market will be strengthened further.”
Gary West, CEO at CitySprint, says: “Our two businesses are experts in their respective fields, with very complementary offers.”
“This move is testament to both the continued strong demand for same day delivery and our successful growth strategy. We look forward to working with DPDgroup to explore new opportunities for our same day expertise and services.”
The transaction is subject to approval by the UK’s Competition and Markets Authority and is expected to complete later this year.
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