Press release
TNT sets clear step forward in achieving its e-commerce strategy
TNT acquires e-fulfilment specialist ‘TopPak’
8 February 2010 at 15:30 CET - Amsterdam, TNT is expanding its e-commerce activities with the acquisition of e-fulfilment specialist TopPak. The parties signed an agreement to this effect today. With this acquisition, through its Parcel Service business, TNT is strengthening its position as market leader in the distribution market and adding an important link to its e-fulfilment service chain.
TopPak has revenues of approximately € 10 million, handles some 6 million packages per year and has significant growth potential. The company is profitable. Parties do not disclose transaction details.
Fulfilment entails service aspects like processing orders, stock management and packing products for shipping, in effect handling the entire administrative and logistics chain for orders, either traditional or online.
The acquisition of TopPak is in line with TNT’s Vision 2015 strategy on Parcels and Special Delivery Solutions (SDS) as announced on 3 December 2009. TNT aims to develop focused multi-customer network solutions, that provide dedicated service quality while improving the economics of the TNT delivery networks.
The acquisition also furthers TopPak’s ambition of bringing its service to the attention of more online retailers. TopPak’s 100-strong workforce will remain employed at the company’s site in Houten, the Netherlands.
TNT is already succesfully active in the home shopping market and expects to continue expanding it activities in the parcels and e-commerce market in the future.
About TNT
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and keeps optimising its global network performance. TNT serves more than 200 countries and employs more than 152,000 people. Over 2008, TNT reported €11.1 billion in revenues and an operating income of €982 million. TNT is officially quoted on the Amsterdam Stock Exchange. TNT recognises its social responsibility and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world. Our efforts are being recognised; In 2009 TNT again reached the highest score of all companies included in the Dow Jones Sustainability Index. More information about TNT can be found on its website http://group.tnt.com.