DPDgroup is to acquire CitySprint, marking its expansion into same-day delivery.
The acquisition, which is subject to regulatory clearance, will see CitySprint become part of DPDgroup, enabling DPD UK’s customers to access CitySprint’s same-day and specialist delivery services in the UK.
The deal also means CitySprint will be able to offer its customers access to DPD UK’s domestic next-day and international services.
The acquisition comes on the back of a period of growth for CitySprint, which has seen continued demand for its services as businesses require more urgent and time-critical same-day deliveries.
Elaine Kerr, CEO of DPD UK, commented: “Same-day delivery is one of the fastest-growing segments of the logistics market and so we are delighted to announce the intention to offer this new and exciting service to our customer offering. Even before the pandemic, demand for both next-day and same-day deliveries was soaring, and this trend has only escalated, something which we see continuing. DPD UK is already a market-leader, and once this acquisition completes, our position in the market will be strengthened further.”
Gary West, CEO of CitySprint, added: “Our two businesses are experts in their respective fields, with very complementary offers. This move is testament to both the continued strong demand for same day delivery and our successful growth strategy. We look forward to working with DPDgroup to explore new opportunities for our same day expertise and services.”
This transaction is expected to complete later this year and will see the existing CitySprint leadership team remain in place.
