DPWN purchases Exel UK

[Jet2Leeds]

I wonder with the Interest shown by Germany's Deutsche Post in acquiring UK logistics company Exel @(3.4 billion pounds).EST

Exel, which provides global freight delivery and storage services, has beefed up its business and last year became the world's largest contract logistics firm when it bought haulier Tibbett & Britten for 328 million pounds.

Deutsche Post is expanding its DHL express courier and logistics business and its mail business abroad in order to reduce its dependence on the domestic German postal market,

I wonder what implications this has for aircraft and Airports in which they use as bases etc

UPS, Fed Ex etc are also expected to make offers

[6000PIC]

Yes , but did they pay too much at some 3.5 Billion Sterling ? FedEx and UPS are yet to respond..... developing...

[DPWN]

In response the rumours going around..............

I have not bought Exel UK!!!!!!!!!!

I did use my money to buy some stuff in the supermarket last night though. Perhaps that would make a more interesting thread:

"DPWN purchases a bag of potatoes, a loaf of bread and some ketchup!"

I don't expect a response from Fed Ex or UPS either but they are too late anyway coz i've eaten most of it!

:D :D :D

[Flip Flop Flyer]

Camel Shagger -

I thought you had staff to do such boring tasks mate ;)

Anyways, subject to competition authorities approving the deal, Exel has been bought for around 3.8 Billion quid.