DHL declares itself ready for new logistics acquisitions

Deutsche Post DHL has gotten a taste for making acquisitions in logistics, and after buying Hillebrandt Group, the government company is ready for additional ones ”if the right opportunity presents itself.”

CFO Melanie Kreis took part in presenting Deutsche Post DHL Group's Q1 results. | Photo: Malte Ossowski/AP/Ritzau Scanpix

German state-owned postal and logistics group Deutsche Post DHL has acquired a taste for acquisitions in the logistics industry after the company bought the Hillebrandt Group last year, which was integrated into Deutsche Post DHL’s logistics division, DHL Global Forwarding, in March.

Although Deutsche Post DHL is primarily aiming for organic growth, the German group is ready for new logistics acquisitions, the message went when Chief Executive Frank Appel and Chief Financial Officer Melanie Kreis presented the group’s first-quarter results at a teleconference on Tuesday.

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