Quantum Capital Partners AG signed an agreement to acquire Postcon Deutschland B.V. & Co. KG from PostNL N.V..
August 05, 2019
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Quantum Capital Partners AG signed an agreement to acquire Postcon Deutschland B.V. & Co. KG from PostNL N.V. (ENXTAM:PNL) on August 5, 2019. The transaction is subject to a number of conditions, including regulatory approval and antitrust approval. The transaction is expected to close before the end of 2019. Alfred Herda, Catharina Klumpp, Matthias Lang, Alexander Csaki, Stefanie Orttmann, Lennart Schuessler and Dirk Barcaba of Bird & Bird LLP, Netherlands acted as legal advisors for PostNL N.V. Thomas Lotz of TRACC Legal Rechtsanwälte GbR acted as legal advisor for Quantum Capital. Moritz Freiherr Schenck and Philipp Gebhard of Deloitte Corporate Finance GmbH acted as financial advisors and Roland Bien of Deloitte Tax acted as tax advisor to PostNL.
PostNL N.V. specializes in supplying mail, parcels and e-commerce services. The company also provides services in the area of data and document management, direct marketing and fulfilment. Net sales (including intragroup) break down by activity as follows:
- parcel delivery (58.3%): in 2023, PostNL N.V. delivered 343 million parcels in Belgium, the Netherlands and Luxembourg;
- mail delivery in the Netherlands (35.4%): 1,745 million postal items processed in 2023;
- other (6.3%).
Net sales are distributed geographically as follows: the Netherlands (85.3%), Europe (8.5%) and other (6.2%).