- 7 November 2019
- Transport / Logistics Services
As DPD seeks to deepen its interests in the Czech Republic and Slovakia, so it has acquired The Geis Group’s parcel business.
For DPD this means it can extend its last mile delivery reach in both countries. For The Geis Group, this gives the company access to international and logistics services for its overall business. Competition authorities must now approve the deal.
In both Slovakia and the Czech Republic, The Geis Group has the biggest parcel delivery operations in the sector. Both Geis Parcel CZ s.r.o. (Czech Republic) and Geis Parcel SK s.r.o. (Slovakia) have been profitable for many years.
“In this rapidly growing parcel market, we want to further develop our business to better support the development of our customers”, explains Yves Delmas, COO Europe DPDgroup. “We are therefore very pleased that we were able to reach an agreement with Geis.”
Hans-Georg Geis and Wolfgang Geis, Managing Partners of the Geis Group commented:“Now that we have been co-developing the parcel markets in the Czech Republic and Slovakia for over 25 years, it is the right time for us to hand over the parcel business to a specialised company with European coverage.”
“In the future, we want to concentrate on our traditional core businesses of forwarding services, contract logistics and air and sea freight and further expand our strong market position in Central Europe”.