- 10 August 2021
- Transport / Logistics Services
In the biggest company acquisition in the last mile sector for some time, DPD UK has announced it has bought UK same-day delivery company CitySprint.
The acquisition follows a period of strong growth for CitySprint that has seen high demand as businesses need more urgent and time critical same-day deliveries.
The deal is subject to regulatory approval. Once completed, DPD UK customers will be able to offer same-day and specialist delivery services in the UK, while CitySprint will be able to offer its own customers access to DPD UK’s international and domestic expertise.
It has been agreed that the CitySprint leadership team will remain in place.
Elaine Kerr, CEO 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. DPD UK is already a market-leader, and once this acquisition completes, our position in the market will be strengthened further.”
Gary West, CEO of CitySprint, commented: “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. This move is testament to both the continued strong demand for same day delivery and our successful growth strategy. We look forward to working with DPDgroup to explore new opportunities for our same day expertise and services.”