TNT completes TG+ takeover
Dutch mail and global logistics provider TNT has completed the acquisition of Spanish domestic distribution company TG+. No financial details were disclosed.
TG+ was established after the 2003 merger between Transcamer and Gomez. It employs about 950 staff and owns 22 depots. TG+’s previous majority shareholder was the private equity and venture capital company 3i.
“The acquisition adds a strong presence in the pharmaceutical, cosmetics, fashion and electronic sectors, and reinforces TNT’s firm foothold in key sectors such as automotive, biomedical, high tech and industrial,” TNT said.
TNT completes TG+ takeover
Key Takeaways:
- TNT acquired Spanish logistics company TG+.
- Financial details of the acquisition were not released.
- TG+ employs approximately 950 people and operates 22 depots.
- The acquisition strengthens TNT's presence in key sectors like pharmaceuticals, cosmetics, and electronics.
Key takeaways sponsored by SONAR
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