TNT acquires e-fulfilment specialist TopPak
08 February 2010
TNT sets clear step forward in achieving its e-commerce strategy
TNT is expanding its e-commerce activities with the acquisition of e-fulfilment specialist TopPak. With this acquisition, through its Parcel Service business, TNT is strengthening its position as market leader in the distribution market and adding an important link to its e-fulfilment service chain. TopPak has revenues of approximately €10.0 million, handles around six million packages per year and has significant growth potential. Details of the transaction were not disclosed.
Fulfilment entails service aspects like processing orders, stock management and packing products for shipping, in effect handling the entire administrative and logistics chain for orders, either traditional or online.
The acquisition of TopPak is in line with TNT’s Vision 2015 strategy on Parcels and Special Delivery Solutions (SDS). TNT aims to develop focused multi-customer network solutions that provide dedicated service quality while improving the economics of the TNT delivery networks.
The acquisition also furthers TopPak’s ambition of bringing its service to the attention of more online retailers. TopPak’s 100-strong workforce will remain employed at the Company’s site in Houten, The Netherlands.
News Source : TNT acquires e-fulfilment specialist TopPak
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