TNT announced that it has completed the acquisition of TG+, a leading Spanish domesticdistribution company, after obtaining all regulatory approvals. The acquisition has already been
announced on the 6th of December 2005.Through the acquisition of TG+, TNT expands and strengthens its domestic express business andfuels its international express business in Spain, a strategic market in Europe with high growthpotential. At the same time it further drives growth of TNT’s leading position in the premiumexpress delivery market in Europe by providing better coverage in this key market.
As a result of this acquisition TNT’s express activities in Spain count more than 4,000professionals and 70 depots to serve its 25,000 existing customers. This transaction consolidatesTNT’s position in the market for international services and in the domestic industrial parcelmarket.
The acquisition adds a strong presence in the pharmaceutical, cosmetics, fashion and electronicsectors, and reinforces TNT’s firm foothold in key sectors such as automotive, biomedical, hightech and industrial.
