DHL Deutsche Post’s European parcels business saw turnover increase 70.3% year-on-year in the first quarter of 2017, driven primarily by its acquisition of UK Mail.
Its European network saw turnover rise to €458m (£386.3) up from €269m (£226.8m), with UK Mail adding €139m (£117.2m) of turnover to DHL Deutsche Post Parcels Europe in the reporting period.
Deutsche Post DHL made an offer of £242.7m for UK Mail in September 2016, with the deal closing in December. The acquisition is part of the company's strategy to strengthen its pan-European e-commerce logistics capabilities.
- Listen to Paul Dyer, chief executive, DHL Supply Chain, UK and Ireland and talk to the Motor Transport podcast about his career, his approach to the job and the future of the largest 3PL in the country.
