Exel shareholders have approved the firm’s takeover by Deutsche Post for an estimated £3.7bn.
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Toy maker Lego is centralising its European distribution centre in Prague and outsourcing its European operation to DHL. DHL will open and begin operations of its new customised logistics centre in early 2006.
Exel, has extended its existing contract with Verlagsunion, one of the largest magazine distributors in Germany.
The European Commission has cleared, under the EU merger regulation, the proposed acquisition of Exel by Deutsche Post.
High street retailer Boots, has recently signed up global logistics company Exel to assist with its legal requirements in recycling packaging waste.
Exel has announced that its shareholders had approved the firm’s takeover by Deutsche Post for an estimated £3.7bn.
Global leader in supply chain management, Exel, has recently announced that it has extended its existing contract with Verlagsunion, one of the largest magazine distributors in Germany.
Exel has won a four-year contract with Morgan, the manufacturer and distributor of women’s clothing.
There is no doubt that there are synergies between the acquisitive Deutsche Post and the UK’s Exel. But, if the deal does go through and Deutsche Post takes over Exel, what will the consequences be for the logistics industry?
The latest contract logistics rankings published by Transport Intelligence in its annual report, “European Logistics Leaders 2005”, show that UK provider Exel, which is subject to a takeover bid by Deutsche Post, remains the largest global provider
