DHL Group has completed the acquisition of Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries.
"After obtaining the necessary regulatory approvals by the Turkish Competition Authority as well as the Turkish Information and Communications Technologies Authority, the transaction has been consummated, and MNG Kargo, one of the leading Turkish parcel delivery companies, is now officially part of the DHL family," the announcement said.
It added that the integration of MNG Kargo will proceed under the management of DHL eCommerce, the e-commerce logistics specialist of DHL Group.
"MNG Kargo's expertise in parcel courier services combined with its extensive domestic network will help us to further expand our service offering in Turkey and enhance our strong cross-border European parcel network," said Pablo Ciano, CEO of DHL eCommerce, noting that the companies look forward to leveraging the tremendous e-commerce potential in the country and beyond together.
DHL said this acquisition will enable customers of DHL Group to benefit from unique logistics offerings within Turkey as well as cross-border through the collaboration of the various DHL divisions already present in Turkey.
[Source: DHL Group]
"For DHL e-commerce, the newly acquired parcel network, with 27 mid-mile sorting centres and over 800 last-mile branches in all relevant cities of Turkey, is also a perfect addition to the European parcel delivery network and thus becomes part of the business unit," it added.
E-commerce growth in Turkey
DHL said that driven by a young, dynamic population with a high affinity for digital communication, the e-commerce market in Turkey is expected to see double-digit growth in the coming years — significantly higher than in the EU markets.
"By combining DHL eCommerce's network and digital expertise with MNG Cargo’s local footprint, DHL Group will be perfectly situated to benefit from the enormous growth potential of the Turkish market," DHL said.
