Austrian Post completes acquisition of Germany’s trans-o-flex

Austrian Post has officially completed the acquisition of a 74.9% majority holding in Germanexpress parcels company trans-o-flex.

The Austrian postal group announced that the existing trans-o-flex management headed by KlausJ. Heinz would remain in place. Thomas Doll, head of corporate controlling at Austrian Post, willalso take on the role of trans-o-flex financial director.

Austrian Post plans to use trans-o-flex, and its European partner network Eurodis, as itsmain platform to develop its European B2B parcels distribution business.