Deutsche Post's DHL Supply Chain Buys Colombia's Suppla Group
May 22 2018 - 6:43AM
Dow Jones News
By Marc Navarro Gonzalez
Deutsche Post AG (DPW.XE) said Tuesday that its subsidiary DHL
Supply Chain has acquired Colombian logistics company Suppla
Group.
Deutsche Post didn't provide financial details of the
acquisition, which will improve its footprint in Colombia and
expand its portfolio in the market, it said.
"The expansion into the developing Andean region in South
America, specifically in Colombia, is key to achieve our Strategy
2020 targets and allows us to unlock further growth potential,"
said Javier Bilbao, chief executive of DHL Supply Chain Latin
America.
Suppla has presence in five regions and coverage of 25 cities of
Colombia, about 500,000 square meters of storage capacity and
around 4,500 employees, Deutsche Post said.
Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com
(END) Dow Jones Newswires
May 22, 2018 04:23 ET (08:23 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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