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DHL acquires 100% of the company MNG Kargo to strengthen its European network

Date: May 29, 2024 Time: 17:11:33

DHL Group secures a national leadership position in parcel delivery. The logistics company has signed an agreement to acquire 100% of the Turkish parcel company MNG Kargo Yurtiçi ve Yurtdisi Tasimacilik A.S. (MNG Kargo) and its subsidiaries. With this contract, the group will create other synergies, allowing its clients to benefit from logistics offers from Turkey and cross-border, through other divisions already present in that country.

For DHL eCommerce, the newly acquired parcel network, with 27 half-mile sorting centers and more than 800 last-mile branches in all relevant cities in Turkey, is a complement to the European parcel network and becomes part of the business unit.

A youth-driven e-marketplace

DHL Group further points out that the e-commerce market in Turkey is mainly driven by a young and dynamic population with a strong affinity for digital communication, therefore it expects it to experience double-digit growth in the coming years, “significantly higher than in the markets of the European Union”.

“By combining DHL eCommerce’s network and digital expertise with MNG Cargo’s local footprint, DHL Group will be perfectly placed to benefit from the enormous growth potential of the Turkish market,” the group said in a statement.

DHL Group also points out that even though MNG Kargo becomes part of DHL eCommerce, all DHL divisions and their customers will benefit from the synergies of the newly acquired company. MNG Kargo, in turn, will benefit from the group’s international logistics expertise and extensive global network.

It also informs that the transaction, of which the amount has not been disclosed, is subject to merger control authorization by the Turkish Competition Authority, as well as the approval of the Turkish Information Technology Authority. and Communications.

“Along with sustainability, globalization and digitization, we identified e-commerce as a mega trend in logistics and therefore made it a focus area in our DHL Group Strategy 2025 in recent years,” he says. the group’s chief executive, Tobias Meyer.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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