DHL Group has signed an agreement to acquire 100% of Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries.
DHL said MNG Kargo is one of the leading parcel delivery companies in Turkey — where the parcel and e-commerce market has grown rapidly.
"In addition to securing a leading position in this strongly developing domestic parcel market, this acquisition will create additional synergies for DHL Group," the global logistics provider said.
It added that its customers would also benefit from the acquisition with the "unique logistics offerings" within Turkey as well as cross borders through the collaboration of the various DHL divisions already present in Turkey.
E-commerce: a megatrend for DHL
"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," says Tobias Meyer, CEO of DHL Group.
"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," he added.
The DHL Group chief executive noted that MNG Kargo complements DHL's business portfolio and "will help further to strengthen our position in this sector."
The newly acquired parcel network has 27 mid-mile sorting centres and over 800 last-mile branches in all relevant cities of Turkey.
It is also deemed a "perfect addition" to the European parcel delivery network of DHL eCommerce.
DHL noted that the e-commerce market in Turkey is expected to see double-digit growth in the coming years — significantly higher than in the EU markets.
It added that the combination of DHL eCommerce's network and digital expertise with MNG Cargo's local footprint would allow the global logistics company to benefit from the enormous growth potential of the Turkish market.
"Our aspiration at DHL eCommerce is to provide our customers with reliable, affordable, and sustainable e-commerce delivery services," says Pablo Ciano, CEO of DHL eCommerce.
"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," he said.
Strong manufacturing base
DHL also pointed out that Turkey benefits from manufacturers' striving for a more resilient supply chain setup and already has an established strong manufacturing base, such as the e-commerce-driven textile industry.
Related to this, DHL Express inaugurated a new hub at Istanbul Airport in 2021, and only recently, DHL Global Forwarding announced it would be intensifying its cooperation with Turkish Cargo.
DHL said 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.
