Deutsche Post World Net to increase stake in Williams Lea
- Agreement reached to acquire shares from minority holders
- Increased contribution supports long-term growth strategy
Deutsche Post World Net, the world's leading logistics group, announced today the intention to increase its investment in Williams Lea, the leading global provider of Corporate Information Solutions.
Deutsche Post World Net, which already owns some 66 percent of the business, has agreed to an unconditional recommended cash offer for the remaining shares held by minority shareholders. In addition, Williams Lea's Executive Management team have extended their employment, reinforcing their commitment to the company's future strategy.
"The decision to increase our investment in Williams Lea is testament to the excellent growth record since we first acquired a stake in 2006. We have seen a strong and sustained period of development in the market for corporate information management and we are committed to continue to support Williams Lea going forward," said Bruce Edwards, Deutsche Post World Net management board member and CEO of Supply Chain and Corporate Information Solutions.
With the long-term backing of Deutsche Post World Net, Williams Lea will continue to invest in the Business Process Outsourcing business, which provides expert management of all the printed and digital information organizations and companies share internally and with customers and business partners. London-based Williams Lea will remain as an independent entity, retaining a separate Board and its strong brand.
Tim Griffiths, Group CEO at Williams Lea, commented, "We are delighted that Deutsche Post World Net has decided to increase its shareholding in Williams Lea. With this additional backing, we are confident that we will be able to continue growing the business and be in a stronger position to meet the needs of our existing and future global customers."
Williams Lea currently has over 10,500 employees worldwide. Clients include many leading global organizations in the investment banking, legal, financial services, pharmaceutical, automotive and corporate sectors.
The offer will be open from the date of this announcement until 18 April 2008.
Williams Lea is the leading global provider of Corporate Information Solutions. As a BPO organisation, we combine consultancy, unique expertise and the latest integrated technology to develop solutions that transform the way organisations communicate and exchange their printed and electronic information. Williams Lea employs over 10,500 staff across Europe, the US and Asia Pacific with key centres in London, Dublin, Paris, Frankfurt, Bonn, New York, Chicago, Los Angeles, Tokyo, Sydney, Hong Kong, Beijing and Chennai. We work with many world leading organisations in sectors such as financial services, investment banking, legal and professional services, retail telecoms, automotive, energy, utilities and pharmaceuticals. In March 2006, Williams Lea announced an exclusive agreement with Deutsche Post World Net, the leading logistics group, to acquire a majority take in the business. For more information, visit www.williamslea.com
Deutsche Post World Net
Deutsche Post World Net is the world's leading logistics group. Its integrated Deutsche Post, DHL and Postbank brands offer tailored, customer-focused solutions for the management and transport of goods, information and payments through a global network combined with local expertise. Deutsche Post World Net is also the leading provider of dialogue marketing services, with a unique portfolio of efficient outsourcing and system solutions for the mail business. The Group generated revenue of ¤63 billion in 2007. With currently some 500,000 employees in more than 220 countries and territories Deutsche Post World Net is one of the largest employers worldwide.