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Home Cargo DHL Group to acquire Turkish parcel delivery provider MNG Kargo

DHL Group to acquire Turkish parcel delivery provider MNG Kargo

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DHL Group has strengthened its European e-commerce business with the acquisition of Turkish parcel delivery company MNG Kargo and its subsidiaries.

MNG Kargo’s parcel network, with 27 mid-mile sorting centres and over 800 last-mile branches in major Turkish cities, will be integrated into DHL eCommerce’s European parcel delivery network.

In addition to securing a key business position within Turkey’s developing domestic parcel and e-commerce market, DHL said its customers will benefit from unique logistics offerings within Turkey as well as cross-border through the collaboration of the various DHL divisions already present in Turkey.

“Alongside sustainability, globalization, and digitalization we identified e-commerce as a megatrend in logistics and therefore made it an area of focus in our DHL Group Strategy 2025 over the last years,” said Tobias Meyer, DHL Group chief executive.

“E-commerce remains one of the biggest growth drivers for logistics services and especially for parcel volumes. We, therefore, continuously work to expand our footprint in the e-commerce sector – whether through organic or inorganic growth. MNG Kargo complements our business portfolio and will help further to strengthen our position in this sector.”

The e-commerce market in Turkey is expected to see double-digit growth in the coming years – significantly higher than in the EU markets, said DHL.

“Our aspiration at DHL eCommerce is to provide our customers with reliable, affordable, and sustainable e-commerce delivery services,” says Pablo Ciano, DHL eCommerce chief executive.

“The backbone of this is our extensive network operated by us or through partnerships and our digital expertise and capabilities. The acquisition of MNG Kargo will strengthen our network and help us connect our customers with the Turkish market, and vice versa.”

DHL Express inaugurated a new hub at Istanbul Airport in 2021, and recently, DHL Global Forwarding announced it would be intensifying its cooperation with Turkish Cargo.

The transaction is subject to merger control clearance by the Turkish Competition Authority as well as approval of the Turkish Information and Communications Technologies Authority.

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The post DHL Group to acquire Turkish parcel delivery provider MNG Kargo appeared first on Air Cargo News.

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