GeoPost is pursuing its development in Europe and has bought 86.6% of express and fast letter and parcel delivery company, Interattica, with an option to exercise the remaining shares in 2008.
Interattica is the 4th largest Greek operator with an annual turnover of approximately 11 million euros. It offers companies complete cover of the Greek territory, whose geography and differences in population are particularly hard for a parcel delivery company to manage.
This acquisition in Greece represents a natural bridge towards the Balkans and completes the southern and eastern GeoPost networks in Europe. Interattica within the GeoPost Group thus becomes a partner of the DPD and Chronopost International networks. The Greek market has been showing strong growth in the parcel sector for the past few years, both on a domestic and import-export basis.
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.
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