Deutsche Post DHL’s UK Mail acquisition completes


 

Deutsche Post DHL’s purchase of UK Mail has completed, meaning the postal operator is now fully owned by the German company. DHL announced its intention to buy UK Mail  for £242.7m in September, in a bid to offer its domestic customers a stronger cross-border parcel delivery service. Prior to the deal, UK Mail had had a turbulent recent past, after it bought incompatible sortation technology for its new Coventry hub. This resulted in an 80% plunge in pre-tax profit after […]