Austrian Post takes stake in trans-o-flex

by Payload Asia

The Austrian Post (ÖsterreichischePost) has acquired 74.9 percent ofthe shares in trans-o-flex GmbH andassociated companies from Odewald &Co and Alpha Beteiligungsberatung.Odewald & Co and Alpha haveretained a holding of 25.1 percent.The transaction means that AustrianPost is strengthening its parcelsand logistics division, increasing itsEuropean reach and intensifying itsexisting successful co-operation withtrans-o-flex.

Austrian post already delivers about5,000 parcels per day in Austria onbehalf of trans-o-flex. The two partnerssee additional potential for the creationof value, above all in the expansion ofthe international network.

Austrian Post now has its own fullcoverageparcels and logistics networksin Germany, Austria, Slovakia andCroatia, and covers another eighteenEuropean countries via the trans-o-flexledEuropean Distribution Network(EURODIS).

According to Austrian Post CEODr Anton Wais, this is just the start ofthe company’s work to create a pan-European niche business.