Deutsche Post - Mergers and Acquisitions

Mergers and Acquisitions

In 1998, Deutsche Post World Net began to acquire shares in DHL, finally reached majority ownership in 2001, and completed the purchase in 2002. Deutsche Post acquired Airborne Express in August 2003 and integrated it into DHL, which is now known as DHL Express. On 20 September 2005 the company announced that British logistics company Exel had agreed on a £3.7 billion (€5.5 billion) takeover. The combined revenue of the two companies was €50 billion over 2004. In 2006 DHL GlobalMail UK merged with Mercury International.