Logistics provider GLS Group, a subsidiary of Royal Mail, has acquired Spanish-based express parcel delivery company ASM Transporte Urgente (ASM).
The acquisition of ASM is intended to strengthen GLS’s network and services in Spain, particularly in the national express segment. ASM boasts the country’s second largest express parcel network, with 16 hubs and depots, and more than 1,500 delivery journeys a day. ASM’s core strengths lie in the B2C sector, accounting for approximately 10% of the national parcel market.
Last year, ASM delivered 25 million parcels, generating revenue of approximately 78m (US$88m).
June 22, 2016