GeoPost/DPDgroup has become the majority shareholder of Bulgarian CEP provider Speedy AD with 69.81% of the share capital. This acquisition will benefit both Speedy and GeoPost/DPDgroup by reinforcing their core business on both B2B and B2C segments in Bulgaria and Romania.
“In this incredibly dynamic parcel market, we want to further develop our business to better support the development of our customers,” explained Yves Delmas, DPDgroup’s COO Europe. “Bulgaria and Romania are the fastest growing markets in Eastern Europe, and we are therefore very pleased to integrate Speedy AD in DPDgroup.”
Valeri Mektouptciyan, founder of Speedy, remains CEO of the company and stated, “We have been developing the parcel markets in Bulgaria and Romania over the past 20 years; it is the right time for Speedy to be part of an international network with coverage in Europe and beyond. I am very happy that we managed to bring this partnership to a successful level and that we delivered on our promises to the investors when we made the company public in 2012.”
Speedy in Bulgaria and DPD in Romania are among the largest parcel service providers in their respective countries, and through this acquisition, DPDgroup is bolstering its European footprint.