GeoPost strengthens its presence in Spain with the acquisition of SEUR GRANOLLERS

This operation has taken place through the joint-venture, SEUR GeoPost (60% held by GeoPost and 40% by SEUR SA), which has a turnover for a full 12 months in excess of €230 million.

Following the acquisition of the Baix de Llobregat and Gerona franchises in the first half of the year, SEUR GeoPost now manages seven franchises in Spain: Madrid, Bilbao, Zaragoza, Soria, Gerona, Baix de Llobregat and, as of today, Granollers.

Located to the North of Barcelona, in a zone of high industrial potential, the Granollers franchise, approximately 100 people, has a turnover of almost €20 million per year.

Catalonia therefore asserts its position as one of the centres of key importance for the GeoPost group in Spain.

About GeoPost

GeoPost is a leading player on the global parcels and express market, operating in more than 30 countries under brand names such as DPD, Chronopost, Parceline, Masterlink … GeoPost is Europe’s third largest provider of express and deferred parcels services, recording a global turnover of EUR 2.5 billion in 2005. GeoPost is wholly owned by France’s national postal service Groupe La Poste.