- 21 October 2016
- Transport / Logistics Services
The Competition and Markets Authority (CMA) has given the green light for the acquisition by DX of the trade and assets of the Legal Post (Scotland) Ltd and First Post Ltd. The CMA has closed its investigation and decided that no further action is to be taken.
This decision enables DX to integrate the two businesses into the wider Group and this is set to be completed by the end of this year.
The CMA revoked its original enforcement order on the 16th of September, and as such the decision made this week was expected. DX will continue to work on the deal worth £3.25 million that was first mooted in May this year.
First Post operates a Downstream Access mail service in Scotland as an alternative to Royal Mail’s First and Second Class services in the country. Meanwhile Legal Post offers a document exchange and postal service in Scotland.
The plans are for DX to combine the two companies with its existing DX Exchange operations in Scotland. These together will offer an enhanced service to both sets of customers.
Petar Cvetkovic, chief executive officer of DX, said in May: “These businesses are wholly complementary to DX’s operations in Scotland and they will be stronger together for both sets of customers, increasing the number of members in a single Scottish exchange network and providing Legal Post’s members with access to DX’s existing members in the UK and Ireland.
“The enlarged operation in Scotland will enable significant efficiencies that will enhance the economic life of a bespoke mail service that is highly valued by its professional services members for its reliable early delivery and late collection times, while also offering a cost effective solution.”
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