DPD Germany has announced that it will establish a new corporate structure following the recent acquisition of its former shareholding partner DPD Zeitfracht.
From August 2017, all the franchisor’s subsidiaries and corporate divisions will be amalgamated with DPD GeoPost under the new company name of DPD Deutschland. It will be the first time that DPD has formed a uniform corporate organization in Germany, which includes all operating units. The move was made possible by the acquisition of DPD Zeitfracht, the last remaining co-shareholder, in October 2016.
The result is that the franchise system under which DPD was established 40 years ago as Germany’s first private parcel service, is now being merged into a single company.
Boris Winkelmann, CEO of DPD, said, “This is a further milestone in the history of DPD. We are tightening and modernizing our structure, which will increase the efficiency of our operational management. It also highlights our resolve not only to continue the dynamism of the last 40 years but also to increase the tempo and shape the future development of the parcel market with innovation leadership.”
DPD was founded in 1976 as a joint venture by 18 leading German freight forwarders, but in 2001 La Poste subsidiary GeoPost became the majority owner of the company after requiring 83.32% of the shares.
With a depot workforce of 8,000 and 9,000 delivery personnel working at 77 locations and a shipping volume of 350 million parcels a year, DPD is Germany’s second-largest parcel service. The company leads the market in shipping between business customers, and it occupies a rapidly growing third place in e-commerce driven parcel deliveries to private consignees.
January 16, 2017