PostNL N : completes sale of Nexive’s business to Mutares

PostNL completes sale of Nexive's business to Mutares

Transaction underpins strategic focus on core markets

2 July 2020 06:53

PostNL today announced it has successfully completed the sale of its Nexive business to Mutares. Nexive is the number-two mail and parcels provider in Italy. As previously announced, PostNL is obtaining a minority interest of 20% in the entity acquiring the Nexive business.

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This transaction allows Nexive to further develop its business and to build its position in the Italian mail and parcels market. For PostNL, the completion of the sale of the majority stake in Nexive underpins its strategy of focusing on its core markets in the Benelux region, supporting its transformation into an e-commerce logistics and postal service provider.

Nexive provides mail services to 80% of Italian households, and provides parcel services to the entire Italian market. It's the second largest player in the Italian mail market and aspires to be the smart challenger, offering customers the best balance between service, quality and price. It achieves this ambition by focusing on customer interaction and by further strengthening its network.

Extra informatie About PostNL

We are PostNL, the mail and logistics solutions provider for all. With our post and parcel deliverers that make it everywhere, our over 3,800 PostNL points and our 11,000 mailboxes - wherever you are, we're always nearby. We aim to be our customers' favourite deliverer by making it as easy as possible to send and receive parcels and letters. On weekdays, we deliver an average 900,000 parcels and 6.8 million letters across the Benelux region, and our 50,000 people are right at the heart of society. At PostNL, we aim to work as sustainably as we can, with lots of delivery kilometres done on foot and by bike, helped by our innovative city logistics and further electrification of our transport.

PostNL NV is a listed company with revenues of over €2.8 billion in 2019, 52% of which derives from e‑commerce. We provide mail and parcel delivery to our customers, logistics solutions for e-commerce and cross-border solutions.