The Austrian Post Group has acquired a 100% shareholding in HSH Holding B.V.B.A. based in Belgium. HSH is a holding company for subsidiaries MIT N.V. and Distra N.V. which specialise in non temperature-controlled pharmaceutical logistics, particularly in the healthcare segment.
Announcing that deal yesterday (May 21), Austrian Post stated that in the 2007 financial year, HSH had generated total revenue of about €18m. HSH had a work force of 180 employees, it continued, and the geographical focus of its business activities, featuring 1.7m shipments or correspondingly 5m parcels, was the Benelux countries.
"Accordingly, following the acquisition of Van Osselaer Pieters Colli Service (VOP) in Belgium and Dedicated Distribution Services (DDS) in the Netherlands from DHL Express in 2007, Austrian Post is further expanding its position in the Benelux countries," stated the Austrian postal group. "These markets are closely linked to Austrian Post's speciality logistics operations in Germany."
Austrian Post added that the acquisition of HSH Holding further strengthened its foothold in the healthcare and pharmaceutical logistics niche.
Austrian Post claims to be Austria's leading logistics company, with more than 25,000 employees, and subsidiaries in eight other European countries. It provides letter mail and parcel services and generated annual revenue of revenue of €2.3bn in the 2007 financial year.
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