Pos Malaysia aims to buy a Middle East-based courier company by the end of this year to expand itsinternational logistics activities as part of its ambitious transformation strategy.
The fully-privatised postal operator, now owned by Malaysian conglomerate DRB-HICOM, aims totransform itself through organic growth and acquisitions into a diverse group offering supply chainsolutions, digital services, communications and distribution services by 2017.
CEO Datuk Khalid Abdol Rahman told reporters in Kuala Lumpur today that the company is inongoing talks with a courier company in the Middle East and hopes to finalise the deal by the endof this year. “We are currently in the negotiation process and want to finalise it very soon,” theBernama news agency cited him as saying.
Rahman also said Pos Malaysia is open to collaboration with other companies in order to “moveforward”. It already cooperates with UPS for international express services.
The Pos Malaysia CEO unveiled his strategic thinking for the Asian postal operator in aspeech at the Postal CEO Forum at Post-Expo in Brussels last month. He said that in future PosMalaysia would offer customised “Supply Chain Solutions” on a domestic and regional scale, based onits physical delivery network, “Communications & Distribution”, “One Stop Solutions” and “Digital Solutions”, taking advantage of the high internet and mobile devices penetration in thesouth-east Asian country.
In 2011, Pos Malaysia earned the equivalent of €41 million in pre-tax profits on turnover of€306 million. The target was to achieve double-digit growth and improve the current 12 per centprofit margin, Rahman said.
