DPDgroup and Geis agree on parcel transaction in the Czech Republic and Slovakia
The Geis Group sells its parcel companies in the Czech Republic and Slovakia to DPDgroup. This will enable both groups to strengthen their core business: last mile delivery for DPD and international distribution and logistics services for Geis in both countries. The transaction is subject to approval by the anti-trust authorities.
DPDgroup is strengthening its national presence in the Czech Republic and Slovakia. Geis Parcel CZ s.r.o. (Czech Republic) and Geis Parcel SK s.r.o. (Slovakia) are among the largest parcel service providers in their countries. Both companies have been operating profitably for many years. “In this rapidly growing parcel market, we want to further develop our business to better support the development of our customers”, explains Yves Delmas, COO Europe DPDgroup. "We are therefore very pleased that we were able to reach an agreement with Geis."
Geis intensifies core business in Central Europe
The transaction is also the strategically right step for the Geis Group: “Now that we have been co-developing the parcel markets in the Czech Republic and Slovakia for over 25 years, it is the right time for us to hand over the parcel business to a specialised company with European coverage”, say Hans-Georg Geis and Wolfgang Geis, Managing Partners of the Geis Group. “In the future, we want to concentrate on our traditional core businesses of forwarding services, contract logistics and air and sea freight and further expand our strong market position in Central Europe”. In the Czech Republic and Slovakia, the Geis Group is already the market leader in the national general cargo sector. In parcel logistics, Geis will work closely with DPD in the future.
Geis Group's turnover grew by almost 20% year-on-year
Geis has had another success. In a year-on-year comparison, Geis again increased its turnover by almost 20%. This is a perfect result in these difficult times.
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