• Uncategorised

Royal Mail courier arm GLS buys Canadian rival Rosenau Transport for £210m

Royal Mail’s international courier business is to expand in North America after striking a deal to buy the Canadian logistics group Rosenau Transport for GBP210.5 million.

GLS already has operations on the east coast of Canada having bought Dicom, the parcel delivery group, for GBP214 million three years ago.

Rosenau, which is still owned and run by the Rosenau family, mainly operates on the west coast.

“As we link two regional carrier networks together, with direct service to most cities and towns in the country, we will produce one of the most integrated transportation systems in Canada,” Rick Barnes, president of GLS Canada, said.

“The extended geographical reach will provide our 30,000 clients with a new, national and international alternative for all of their shipping