PostNord is expanding in Finland with the acquisition of parcels firm Uudenmaan Pikakuljetus (UPK) from DSV Road.
The acquisition significantly enhances PostNord's position in Finland regarding domestic parcel deliveries, scheduled deliveries, health care and e-commerce logistics, as well as temperature-controlled transport services.
The acquisition will increase PostNord's Finnish operations by approximately a third. It requires the approval of the Finnish Competition and Consumer Authority but PostNord expects the acquisition to be fully concluded by the beginning of September.
Uudenmaan Pikakuljetus specialises in express parcel deliveries as well as scheduled and temperature-controlled transport services. Its other area of specialised expertise is health care logistics. In 2014, UPK had turnover of approximately €24 million and a staff of some 60 employees. The company maintains operations all over Finland and is renowned for its high quality.
In Finland, PostNord enjoys a strong position in parcel delivery services and, in particular, scheduled InNight deliveries, and also offers international mail services, groupage shipments, parcel and pallet services, and warehousing solutions. PostNord also enjoys a strong presence in e-commerce logistics.
"UPK's and PostNord's operations, terminals and transport networks complement one another perfectly. This will allow for an effective increase of transport volumes, thus also improving delivery reliability. This, in turn, lays a solid foundation on which to further increase our business operations. The acquisition is also a demonstration of the PostNord strategy to strengthen its position in Finland," said Jari Rinnekoski, CEO of PostNord Oy.
"The increase in volume will improve our competitiveness and allow us to offer our customers higher quality and more comprehensive logistic services. UPK's and PostNord's operations complement one another perfectly," he added.
