DHL 2000 Annual Report Download - page 34

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26
Consistent implementation of corporate strategy
Over the reporting period,Deutsche Post World Net continued to develop
as a logistics service provider operating throughout the world.Globalization
and digitalization present great opportunities for logistics service providers
if they adapt actively to meet the challenges of this market trend.Deutsche
Post World Net accomplished important steps in realizing the required
changes during the past year.
Targeted acquisitions supplement the service portfolio
The partnership with DHL International that began with the purchase of
a minority holding in 1998,was expanded further in 2000.With annual
revenue of €4.6 billion in 2000, DHL International is the world’s market
leader in international express business. Together we provide a platform
for worldwide courier and express services.With the agreed acquisition of
additional shares in 2001,we will have a majority holding of 50.6%.In the
USA the worldwide DHL network is complemented by the sister company
DHL Worldwide Express Inc. The company achieved revenues of €1.4
billion in 2000 and is one of the leading providers of international express
and courier services in the United States.
In the LOGISTICS corporate division, the AEI acquisition helped us assume
an excellent position in the global airfreight business.We also expanded our
value added services such as transport management,integrated warehousing,
catering and hotel logistics services as well as supply-chain financing which
is being offered under the name Intercontinental Integrated Services (IIS).
In the FINANCIAL SERVICES corporate division we expanded the service
portfolio of Postbank in an optimum fashion with the integration of DSL
Bank. DSL Bank,as a specialist institute for commercial and private build-
ing loans,complements the traditional services of Postbank perfectly.This
also produces a far more balanced distribution of assets and liabilities on
the Postbank balance sheet.
First cross-selling projects w ith major customers
Deutsche Post World Net agreed far-reaching cooperation with Deutsche
Telekom in the year covered by this report.With a view to focusing on
respective core competence,we will provide all of the logistics and print-
ing services for Deutsche Telekom.At the same time we will be handing