Deutsche Post DHL to buy UK Mail for £243m


Deutsche Post DHL has reached an agreement to buy UK Mail, in a deal that values the delivery company at £242.7m. DHL said the cash offer is part of an ongoing expansion of its European parcel network, designed to meet demand for more cross-border deliveries from its customers. The acquisition comes after a turbulent couple of years for UK Mail, which saw the installation of incompatible sortation technology at a new site and its profit slashed 80% in the immediate fallout. […]