Joint Venture Deutsche Post World Net et New Zealand Post pour la création de Express Couriers Australia Pty
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Communiqué de New-Zealand Post :
New Express Couriers Joint Venture in Australia
30 June 2008
New Zealand Post announced today that it has formed Express Couriers Australia Pty Limited (ECA), a 50:50 joint venture with Deutsche Post World Net (DPWN), for the ownership and operation of express courier businesses in Australia. Effective 1 July 2008, the arrangement builds on the success since 2005 of a similar joint venture in New Zealand between DPWN's express unit DHL Express, and New Zealand Post.
The New Zealand Post-DHL Express structure in Australia encompasses six complementary businesses in metropolitan and regional markets in Queensland, New South Wales, Victoria, South Australia and Western Australia. The businesses include Couriers Please, Parcel Overnight Direct and Northern Kope Parcel Express, three businesses under New Zealand Post ownership. The other businesses to make up the joint venture are: PEP Transport, VicFast Couriers and Hills Transport.
The new structure is called Express Couriers Australia Pty limited (ECA). It will be governed and managed separately from the shareholders' other Australian interests. The six businesses will be interconnected to form an express courier network with coverage of more than 80% of Australia's populated area, although within their markets the businesses will continue to operate as stand-alone operations.
New Zealand Post Group Chief Executive John Allen said formation of the ECA network is "a very positive step for both shareholders, for each of the businesses involved, and for their customers".
"Australia has a large and growing market for express courier and freight services," Mr Allen said. "We are giving this group of successful businesses the networking capabilities to build their competitive offering to customers and continue growing over the long term."
Mr Allen said the structure gives New Zealand Post 50% ownership of a substantial business group in Australia, alongside DHL the world's leading express and logistics provider. Total shareholders' investment in ECA is around A$140 million. New Zealand Post and DHL Express have completed a series of transactions between them and with other parties to form ECA.
Mr Allen said these transactions result in a one-off gain to New Zealand Post of A$20 million to A$25 million, subject to earnings expectations, which will be included in the 2007-08 financial results.
ECA will be governed by a Board of equal representation from New Zealand Post and DHL Express.
Mr Allen said it is very much "business as usual" for the six businesses within ECA. "They are brands of real strength in their respective territories, with a combined customer base of over 65,000 and total annual revenues above A$200 million. With the formation of ECA, the businesses are positioned to support each other's development over the long term," he said.
Mr Allen said the ECA concept grew out of the New Zealand Post-DHL Express joint venture in New Zealand, Express Couriers Limited (ECL) and their joint assessment of the growth prospects in Australian markets.
Issued by: Keith Fitzpatrick
Media Communications Manager
New Zealand Post
Phone: 04 4964566
Mobile: 027 4539882
About New Zealand Post
New Zealand Post is a large New Zealand Government-owned enterprise providing key networks through which people send and receive messages, goods and payments.
In business for over 160 years, New Zealand Post is today a diversified enterprise, operating in multiple economic sectors including domestic and international mail processing and delivery, retail and banking, goods distribution and logistics and document and information management.
New Zealand Post operates primarily in New Zealand and Australasia and engages approximately 17,000 employees and contractors. The New Zealand Post Group generated revenues of approximately $1.2 billion in 2007.
About DHL Express
DHL is the global market leader of the international express and logistics industry, specializing in providing innovative and customized solutions from a single source.
DHL offers expertise in express, air and ocean freight, overland transport, contract logistic solutions as well as international mail services, combined with worldwide coverage and an in-depth understanding of local markets. DHL's international network links more than 220 countries and territories worldwide. Some 300,000 employees are dedicated to providing fast and reliable services that exceed customers' expectations.
DHL is a Deutsche Post World Net brand. The group generated revenues of more than 63 bn euros in 2007.
__________________________________________
Communiqué de New-Zealand Post :
New Express Couriers Joint Venture in Australia
30 June 2008
New Zealand Post announced today that it has formed Express Couriers Australia Pty Limited (ECA), a 50:50 joint venture with Deutsche Post World Net (DPWN), for the ownership and operation of express courier businesses in Australia. Effective 1 July 2008, the arrangement builds on the success since 2005 of a similar joint venture in New Zealand between DPWN's express unit DHL Express, and New Zealand Post.
The New Zealand Post-DHL Express structure in Australia encompasses six complementary businesses in metropolitan and regional markets in Queensland, New South Wales, Victoria, South Australia and Western Australia. The businesses include Couriers Please, Parcel Overnight Direct and Northern Kope Parcel Express, three businesses under New Zealand Post ownership. The other businesses to make up the joint venture are: PEP Transport, VicFast Couriers and Hills Transport.
The new structure is called Express Couriers Australia Pty limited (ECA). It will be governed and managed separately from the shareholders' other Australian interests. The six businesses will be interconnected to form an express courier network with coverage of more than 80% of Australia's populated area, although within their markets the businesses will continue to operate as stand-alone operations.
New Zealand Post Group Chief Executive John Allen said formation of the ECA network is "a very positive step for both shareholders, for each of the businesses involved, and for their customers".
"Australia has a large and growing market for express courier and freight services," Mr Allen said. "We are giving this group of successful businesses the networking capabilities to build their competitive offering to customers and continue growing over the long term."
Mr Allen said the structure gives New Zealand Post 50% ownership of a substantial business group in Australia, alongside DHL the world's leading express and logistics provider. Total shareholders' investment in ECA is around A$140 million. New Zealand Post and DHL Express have completed a series of transactions between them and with other parties to form ECA.
Mr Allen said these transactions result in a one-off gain to New Zealand Post of A$20 million to A$25 million, subject to earnings expectations, which will be included in the 2007-08 financial results.
ECA will be governed by a Board of equal representation from New Zealand Post and DHL Express.
Mr Allen said it is very much "business as usual" for the six businesses within ECA. "They are brands of real strength in their respective territories, with a combined customer base of over 65,000 and total annual revenues above A$200 million. With the formation of ECA, the businesses are positioned to support each other's development over the long term," he said.
Mr Allen said the ECA concept grew out of the New Zealand Post-DHL Express joint venture in New Zealand, Express Couriers Limited (ECL) and their joint assessment of the growth prospects in Australian markets.
Issued by: Keith Fitzpatrick
Media Communications Manager
New Zealand Post
Phone: 04 4964566
Mobile: 027 4539882
About New Zealand Post
New Zealand Post is a large New Zealand Government-owned enterprise providing key networks through which people send and receive messages, goods and payments.
In business for over 160 years, New Zealand Post is today a diversified enterprise, operating in multiple economic sectors including domestic and international mail processing and delivery, retail and banking, goods distribution and logistics and document and information management.
New Zealand Post operates primarily in New Zealand and Australasia and engages approximately 17,000 employees and contractors. The New Zealand Post Group generated revenues of approximately $1.2 billion in 2007.
About DHL Express
DHL is the global market leader of the international express and logistics industry, specializing in providing innovative and customized solutions from a single source.
DHL offers expertise in express, air and ocean freight, overland transport, contract logistic solutions as well as international mail services, combined with worldwide coverage and an in-depth understanding of local markets. DHL's international network links more than 220 countries and territories worldwide. Some 300,000 employees are dedicated to providing fast and reliable services that exceed customers' expectations.
DHL is a Deutsche Post World Net brand. The group generated revenues of more than 63 bn euros in 2007.