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Austrian Post to sell German logistics subsidiary trans-o-flex

LBR Staff Writer Published 08 March 2016

Austrian Post has signed an agreement with a strategic investor to sell its German logistics subsidiary trans-o-flex.

Logistics


Trans-o-flex offers transport solutions for the pharmaceutical, healthcare and consumer electronics industries in Germany.

The difficult market environment in recent years hurt trans-o-flex's revenue in the competitive German parcel and logistics market.

Due to this reason, Austrian Post examined different strategic options within the context of an evaluation process undertaken in 2015.

Subject to the approval of the German Competition Authority, the acquisition is expected to take place in the coming weeks.

Austrian Post CEO Georg Pölzl said: "On the basis of this agreement we have made a decision which offers trans-o-flex a clear path for its future development."

Trans-o-flex provides a range of services in the three business fields Schnell-Lieferdienst, ThermoMed and Logistik-Service.

Schnell-Lieferdienst is involved in the transportation of parcels and pallets, as well as hazardous goods.

ThermoMed transports temperature-sensitive goods in the range from 2 °C to 8 °C through a special network with active temperature control.

The firm's Logistik-Service unit provides logistics services ranging from storage and picking/packing to value-added services. These include set-up service for sales displays and electrical appliances, as well as customer-specific transport networks.


Image: Austrian Post to divest Germas logistics business. Photo: courtesy of adamr / FreeDigitalPhotos.net.