DHL 1998 Annual Report Download - page 25

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21
Activities toward internationalizing the group were stepped up markedly
throughout 1998 and the early months of 1999.A few results:Deutsche Post
is now directly selling its parcel mail products in more than ten European
countries. Further, a solid foundation has been laid for developing an
efficient, Europe-wide parcel mail network for serving 330 million people.
We will be offering our business customers uniform haulage and delivery
service quality throughout Europe. This will, in turn, afford us a good
starting point for meeting the competition in the international postal
markets. Deutsche Post’s logistics network also includes its equity stake in
the trans-o-flex company. We offer quality express mail services through
DHL in 227 countries worldwide.With DANZAS,Deutsche Post has acquired
a strong logistics platform in 47 countries across the globe.
Well-guided group development
Our 25.001-per cent stake in DHL, the world market leader in express mail
services, our participations in parcel mail and logistics firms in Great
Britain, France and Italy, and our acquisition of the McPaper stationery
chain were important milestones in our purposeful development of the
Deutsche Post group during the 1998 business year.
Deutsche Post International B.V. submitted a bid in December 1998 to
acquire the internationally operating DANZAS Holding AG logistics group
(Basel). This bid has since been accepted by DANZAS shareholders. A per-
fect complement to Deutsche Post’s range of products, DANZAS is the third
largest transport and logistics group in the world and generates revenues
of some CHF 7 billion with its 16,000 employees. As a result of this
acquisition, we are able to offer our customers integrated logistics solutions.
DANZAS’ Europe-wide surface haulage and worldwide air and sea freight
activities round out Deutsche Post’s range of parcel and express mail
products.As a member of the Deutsche Post family, DANZAS will continue
to operate as an independent company.
Deutsche Post took its first step toward tapping into the particularly
attractive direct advertising market in the USA with its acquisition of
Global Mail Ltd.
We will also be intensifying our activities in the financial services field.
We acquired the remaining 82.5 per cent of Deutsche Postbank’s capital on
1 January 1999 – in addition to the already committed 17.5 per cent. This
acquisition established the conditions we have long desired for ensuring
the economic efficiency of our retail branch network. Postbank will retain
its independence in the future. Having established a new, long-term
foundation, both companies can now team up to implement an aggressive
financial services sales strategy.