DPD UK, part of DPDgroup, has completed the acquisition of same day delivery company CitySprint, following the recent approval of the transaction by the Competition and Markets Authority. DPD UK first announced that it was buying CitySprint last August.
The completion of the deal means that DPD UK’s customers will now be able to access CitySprint’s same day and specialist delivery services in the UK, while CitySprint will be able to offer its customers access to DPD UK’s domestic next day and international expertise.
Elaine Kerr, CEO of DPD UK, said: “This transaction makes genuine sense for both parties and we are delighted to have completed the acquisition. Same day delivery is one of the fastest growing segments of the logistics market and this deal will enable us to provide our customers with fantastic new services.”
Gary West, CEO of CitySprint, said: “There continues to be strong demand for same day delivery services, and we believe we have the right strategy in place to capitalise and build on this within the enlarged DPDgroup.”
CitySprint’s national same day delivery network comprises 30+ service centres across the UK with geographical reach to over 88% of the mainland population within 60 minutes.