FedEx has made an offer to acquire TNT Express, valuing the business at €4.4bn (£3.2bn), in a deal that both parties describe as having a high level of certainty. The offer already has the backing of PostNL (parent company of Whistl, formerly TNT Post) – which is tendering its 14.7% shareholding in TNT Express. In a joint statement, both parties said that the existing employment terms at TNT Express will be respected and TNT Express’ European headquarters would remain in […]
CitySprint has acquired all operations at Woking-based Eagle Express Worldwide Couriers. Its same-day, international and UK overnight operations were acquired by CitySprint on 8 December, taking its network to 35 depots and 2,000 couriers. It will be transferred over to the CitySprint brand later this month. CitySprint said the transition will be seamless for Eagle Express’ customers and it will continue to be serviced by the same staff at the same depot in Old Woking. Chief executive Patrick Gallagher said: […]
TNT Express has won a contract to become the exclusive express delivery provider for musical instrument and audio equipment manufacturer and Gibson.