The Dutch mail, logistics and express delivery group TNT Post Group
(TPG) has announced the acquisition of the British logistics company Taylor Barnard for an undisclosed sum.
TNT Post Group
, whose UK Express service is based in Atherstone, Warwickshire, has delivered impressive results for 1999.
The agreement will enter into force on 1 January 2001 on the termination of a previous alliance -limited to Europe - that has linked La Poste since 1992 to the TNT Post group
, owners of the privatised Dutch postal service TPG.
Dutch TNT Post Group
, which combines the Dutch post office with Europe's leading courier service, recorded net profit of pounds 124.6 million that was roughly in line with analysts' expectations.
* Visits to the Commission: December 13: Pierre Lescure (Chairman of Canal+), delegation of Spanish MPs; December 14: Akira Amai (President of Toyota Europe), Jean Stock (President of TV5), Pierre Chevalier (Belgian Trade Secretary); December 15, Alvaro Amann (Basque Transport Advisor), Jean-Louis Carrre (from the region of Aquitaine), Jacob S"derman (European Ombudsman), Manfred Dammeyer (President of the Committee of Regions); December 16): Knut Volebach (Norwegian Minsiter for Foreign Affairs), Sile de Valera (Irish Minister for Art and Heritage), Delegation from the International Bar Association, Ad Scheepbouwer Director of TNT Post Group
), Patrick Lelay and Jean-Michel Counillon (Director of TF1); December 17: Elio di Rupo (President of the Belgian Region of Wallonia)
Dutch TNT Post Group
(TPG), which combines the Dutch post office with Europe's leading courier service, recorded net profit of pounds 124.6 million, roughly in line with analysts' expectations.
The Dutch group TPG - TNT Post Group
and Swiss Post have concluded a strategic cooperation agreement for postal and express delivery services.
The European Commission has authorised a transaction in the contract logistics sector, giving the Dutch TNT Post Group
NV the go-ahead to acquire an Italian company, Tecnologistica S.p.A.
The European Commission's Merger Task Force received formal notification, on April 13, from the Netherlands-based TNT Post Group
Presently, EEO's appeal comes as countless mergers and acquisitions are passing through the Commission Competition Directorate-General, such as TNT Post Group
's buy-out of Jet Services of France- which was cleared on February 17.
Summary:The European Commission has cleared the proposed acquisition of the French company Jet Services by TNT Post Group
(TPG, the group resulting from the merger between the Dutch Post KPN and the Netherlands-based TNT Express Group).
Netherlands-based TNT Post Group
(TPG) has filed a formal notification to the European Commission's Merger Task Force over its proposed buy-out of Jet Services SA - a French firm offering express delivery services mainly on the domestic market, as well as some international distribution services.