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Deutsche Post takes over Exel
It was announced this week that Deutsche Post will take over Exel, the UK’s largest logistics company in a deal worth £3.7bn.
It was announced this week that Deutsche Post will take over Exel, the UK’s largest logistics company in a deal worth £3.7bn. Whilst Exel’s chief executive John Allan admitted some of his customers had expressed concern about the takeover, a majority were in favour and could identify the potential benefits.
In recent years Deutsche Post has successfully taken over Danzas, a European company, but the US based DHL parcel group it bought has not been so successful, leading analysts to be cautious about their forcasts.
This move has signalled further consolidation in this sector is likely and The Drinks Business will be reporting in full on this story in the October issue. You can send your questions and comments to us, simply click here.