FedEx wants to win with TNT Logistics Market in Europe – Reuters Germany

       

– Toby Sterling

       

Amsterdam (Reuters) – FedEx blows with a billion-dollar acquisition of Dutch parcel service TNT Express to attack on the European market leader DHL.

       

The best known as a courier for the business world US group agreed with FedEx TNT at a purchase price of 4.4 billion euros, as the two companies announced on Monday. With FedEx ventures within two years of a second US company to start to take on TNT: UPS was in 2013 by the resistance of the competition authorities. FedEx and TNT were confident of being able to take the antitrust hurdle. Despite the prospect of a powerful competitor in the Express Service said DHL’s parent company German post office, the merger also offer opportunities for your business.

       

In a successful takeover of TNT based in Hoofddorp in Amsterdam by FedEx in Memphis, Tennessee would create a sector size with extensive logistics network. How to TNT customers can send their goods and documents via the FedEx worldwide system with its own fleet of aircraft following the merger. Inversely, the US group with the purple-orange logo European delivery routes of TNT street.

        
       

ANALYST: THE RIVALS CAN PRACTICALLY NOTHING

       

Experts hardly expect that competition authorities put the two companies on their common path obstacles in the way. Hardly yet – Finally, the transactions by FedEx and TNT overlapped – unlike the failed takeover by UPS. That stems partly due to the previously marginal commercial presence FedEx in Europe, on the other hand on the different delivery systems for air and road.

       

“FedEx has made a wise decision, and the rival can practically do anything,” said Andre Mulder with the financial advisor Kepler Chevreux. Such a counter-offer, for example, Deutsche Post was unlikely because the fast antitrust critical limit would be reached a market share of 30 percent. But the merger with TNT would FedEx analysts of finance house ING According make to European number two after DHL and UPS displace about this place.

       

The German Post sees first the competition authorities in the train. In addition, the integration of such large acquisitions with different cultures is proceeding not always go smoothly, said a spokesperson for the group. This leads to unrest, especially in the express business, customers could therefore reorient. Therefore, the post also see business opportunities. “We view this in peace.” Reason for the serenity of the former monopolist in Germany could also provide market research data. For, according to data from market intelligence remain the leading role of German Post DHL in Europe and Asia unchallenged after the merger. Continued …