Deutsche Post : Invests EUR250 Million in Package Sorting Technology

By Cecilia Butini

Deutsche Post AG said Wednesday that it has invested 250 million euros ($297.6 million) in a package sorting technology to be deployed in some parcel centers.

The investment was made as part of a contract with Beumer Group GmbH & Co. KG for the development of the technology, Deutsche Post said.

The system, which is now being tested at a pilot site, should come to use by 2023 in eight other parcel centers, the German freight-and-logistics group added.

It will allow the additional sorting of 126,000 parcels per hour in the whole of the company's parcel network, according to Deutsche Post.

Write to Cecilia Butini at [e-mail]

(END) Dow Jones Newswires

03-17-21 0614ET