DPD UK set to buy CitySprint

Parcel delivery network DPD UK is set to buy same day delivery company CitySprint, subject to regulatory clearance.

DPD UK, Europe’s largest parcel delivery network, said that once completed, the deal would enable its customers to access CitySprint’s same day and specialist delivery services in the UK, while CitySprint will be able to offer its customers access to DPD UK’s domestic next day and international expertise.

The move follows a period of growth for CitySprint, which has seen continued demand for its services as businesses require more urgent and time critical same day deliveries.

Elaine Kerr, chief executive of DPD UK, commented: “Same day delivery is one of the fastest growing segments of the logistics market and so we are delighted to announce the intention to offer this new and exciting service to our customer offering. Even before the pandemic, demand for both next day and same day deliveries was soaring, and this trend has only escalated, something which we see continuing.

She added: “DPD UK is already a market-leader, and once this acquisition completes, our position in the market will be strengthened further.”

The existing CitySprint leadership team will remain in place under the terms of the deal.

Gary West, chief executive of CitySprint, said: “We are pleased to be joining DPDgroup and excited about the new opportunities for growth this will bring. Our two businesses are experts in their respective fields, with very complementary offers. We look forward to working with DPDgroup to explore new opportunities for our same day expertise and services.”

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