Royal Mail buys Canadian rival
Good morning. Royal Mail’s international courier business GLS has announced plans to buy its Canadian rival Rosenau Transport for GBP210.5 million. The acquisition of the business, which operates in western Canada, complements its existing business in the east of the country.
GLS also has extensive operations in Europe.
Martin Seidenberg, chief executive of GLS, said: “With its strong presence in western Canada, high-quality, entrepreneurial culture, as well as freight capabilities and parcel potential, Rosenau Transport’s model is similar to our existing Canadian business and provides an excellent fit.”
We’ll have a full story shortly from Tom Howard on thetimes.co.uk/#section-business.
On the corporate front this morning:
oEurowag, the transport logistics group that dubbed itself the “Uber of the trucking world”, has been forced
- Karvipark Electric Air Pump, Electric Pump, Automatic 2 in 1 Quick Fill Deflate...
SALE PRICE: £13.99YOU SAVE: £1.99 About this item 【2 in 1 Electric Air Pump】 Thanks to the quick filling and the high pressure design, […]
- LEGO 42112 Technic Concrete Mixer Truck Toy Construction Vehicle
RRP PRICE: £89.99SALE PRICE: £89.97 Discover all the cool functions of this Concrete Mixer Truck with rotating mixer drum – the model looks and […]
- Barbie Extra Doll in Pink Fluffy Coat with Unicorn-Pig Toy
RRP PRICE: £29.99SALE PRICE: £26.99YOU SAVE: £3.00 About this item When it comes to fashion, Barbie Extra dolls have a ‘more is more’ […]
- LEGO 71360 Super Mario Adventures Starter Course Toy Interactive Figure &...
RRP PRICE: £49.99SALE PRICE: £49.97 LEGO Mario figure has colour sensors, plus LCD screens in his eyes, mouth and belly to display over 100 […]