DHL to acquire Turkish courier MNG Kargo
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DHL Group has agreed to fully acquire Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo), one of the leading parcel delivery companies in Turkey.
The merger will look to capitalise on Turkiye’s growing e-commerce market, which is estimated to see double-digit growth in the next few years. Tobias Meyer, CEO DHL Group said “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.”
The acquisition will boost DHL’s domestic presence in Turkiye and DHL considers the newly acquired parcel network a perfect addition to its European parcel delivery network, with 27 mid-mile sorting centers and over 800 last-mile branches in main 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.
Questions & Answers
Q.What is the primary reason DHL is acquiring MNG Kargo?
What is the primary reason DHL is acquiring MNG Kargo?
DHL is acquiring MNG Kargo to capitalise on Turkiye’s growing e-commerce market, which is expected to experience significant growth. This acquisition will help expand DHL's footprint in the e-commerce sector.
Q.What assets will MNG Kargo bring to DHL's operations?
What assets will MNG Kargo bring to DHL's operations?
MNG Kargo will bring a parcel network including 27 mid-mile sorting centres and over 800 last-mile branches in main Turkish cities. DHL considers this an excellent addition to its European parcel delivery network.
Q.Which regulatory bodies need to approve this acquisition?
Which regulatory bodies need to approve this acquisition?
The acquisition requires approval from the Turkish Competition Authority and the Turkish Information and Communications Technologies Authority. The transaction is subject to their merger control clearance.
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