DPD UK has bought CitySprint following recent approval of the transaction by the Competition and Markets Authority.
DPD UK’s customers will now be able to access CitySprint’s same day and specialist delivery services in the UK, while CitySprint will be able to offer its customers access to DPD UK’s domestic next day and international expertise.
“This represents a major opportunity for both our colleagues and customers as we join forces with Europe’s largest parcel delivery network. There continues to be strong demand for same day delivery services, and we believe we have the right strategy in place to capitalise and build on this within the enlarged DPDgroup,” said Gary West, CEO of CitySprint.
The completion of the sale follows a growth period for CitySprint across its more than 30 service centres in the UK.
Elaine Kerr, CEO of DPD UK added: “This transaction makes genuine sense for both parties and we are delighted to have completed the acquisition. Same day delivery is one of the fastest growing segments of the logistics market and this deal will enable us to provide our customers with new services.
“Demand for home delivery has continued to grow as consumer behaviour has evolved post-pandemic and DPD UK is perfectly positioned to meet that demand and consolidate our position as a market leader.”