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DHL Group has announced that it has signed an agreement to acquire 100% of Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries.
In its announcement of the DHL said that “in addition to securing a leading position in this strongly developing domestic parcel market”, the acquisition will create “additional synergies”, with its customers also benefiting from “unique logistics offerings within Turkey as well as cross border through the collaboration of the various DHL divisions already present in Turkey”.
Commenting on the deal, Tobias Meyer, CEO DHL Group, said:
“Alongside sustainability, globalization, and digitalization we identified e-commerce as a megatrend in logistics and therefore made it an area of focus in our DHL Group Strategy 2025 over the last years. E-commerce remains one of the biggest growth drivers for logistics services and especially for parcel volumes. We, therefore, continuously work to expand our footprint in the e-commerce sector – whether through organic or inorganic growth. MNG Kargo complements our business portfolio and will help further to strengthen our position in this sector.”
Pablo Ciano, CEO DHL eCommerce, added:
“Our aspiration at DHL eCommerce is to provide our customers with reliable, affordable, and sustainable e-commerce delivery services. The backbone of this is our extensive network operated by us or through partnerships and our digital expertise and capabilities. The acquisition of MNG Kargo will strengthen our network and help us connect our customers with the Turkish market, and vice versa.”
Through the acquisition, DHL will inherit 27 mid-mile sorting centers and over 800 last-mile branches in all “relevant cities” of Turkey.
The transaction is subject to merger control clearance by the Turkish Competition Authority as well as approval of the Turkish Information and Communications Technologies Authority.