News vom 21.05.2008
Austrian Post Acquires Belgian Pharmaceutical Logistics CompanyHSH Holding: Revenue of EUR 18m – 5m parcels – 180 employees New subsidiary of the trans-o-flex Group – Austrian Post continues its expansion drive
The Austrian Post Group acquired a 100% shareholding of HSH Holding B.V.B.A. based in Belgium. HSH serves as a holding company for its two subsidiaries MIT N.V. and Distra N.V., specialising in non temperature-controlled pharmaceutical logistics, particularly in the health care segment.
In the 2007 financial year, HSH generated total revenue of about EUR 18m, with a work force of 180 employees. The geographical focus of its business activities, featuring 1.7m shipments or correspondingly 5m parcels, is the Benelux countries. Accordingly, following the acquisition of “Van Osselaer Pieters Colli Service“ (VOP) in Belgium and “Dedicated Distribution Services“ (DDS) in the Netherlands from DHL Express in 2007, Austrian Post is further expanding its position in the Benelux countries. These markets are closely linked to Austrian Post’s specialty logistics operations in Germany.
The acquisition of HSH Holding further strengthens Austrian Post’s foothold in the health care and pharmaceutical logistics niche.
About Austrian Post
Austrian Post is Austria’s leading logistics company, with more than 25,000 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
Head of Group Communications
Tel.: +43 (0) 57767 – 22626
Mr. Michael Homola
Tel.: +43 (0) 57767 – 32010