News vom 02.10.2008
Austrian Post Acquires 24VIP, a Parcel Service Provider in Bosnia and Herzegovina
100,000 parcels and pallets / Revenue of EUR 1.8 million
Expansion of market presence of Austrian Post in the CEE region
The closing of the acquisition of a 100% shareholding in the company 24VIP Logistics Services d.o.o. in Bosnia and Herzegovina by Austrian Post took place on October 2, 2008. The acquisition of 24VIP enables Austrian Post to further strengthen its market presence in Eastern and South Eastern Europe, and to determinedly pursue its expansion strategy.
24VIP Logistics Services d.o.o.
24VIP transports and delivers approximately 100,000 parcels and pallets annually, generating annual revenue of EUR 1.8m. The focus of 24 VIP’s business operations is the delivery of parcels and individually packaged goods in the business-to-business (B2B) segment. The headquarters of 24VIP are located in Sarajevo. The company has 24 delivery vehicles at its disposal, operates a nationwide network in Herzegovina, Bosnia and the Republic of Srpska, and has established excellent international links to Croatia, Austria and Germany.
Following the acquisition of VIP24, Austrian Post is now represented in the parcels segment in Eastern and South Eastern Europe through the following subsidiaries:
Slovakia: Slovak Parcel Service und In Time (2002)
Croatia: Overseas (2003)
Hungary: Merland Express und Road Parcel (2007)
Serbia: City Express (2007)
Bosnia and Herzegovina: 24VIP (2008)
About Austrian Post
Austrian Post is Austria’s leading logistics and services company, with about 26,800 employees, and employees and subsidiaries in eight other European countries. The company provides the highest quality letter mail and parcel services, and is required by law to ensure universal postal services in Austria. With annual revenue of EUR 2.3 bn in the 2007 financial year, the company is an important economic factor in the country. Austrian Post is continuing to invest in further expanding its business in European markets, and ranks among the most important investors in Eastern and South East Europe.
Mr. Marc Zimmermann
Director of Corporate Communications
Tel.: +43 (0) 577 67 – 22626
Tel.: +43 (0) 577 67 – 32010
Vienna, October 2, 2008