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TNT to acquire Brazilian delivery partner Expresso Araçatuba
This acquisition is a logical next step to building a pan-Brazilian network. On top of strengthening TNT's position in the Brazilian domestic market, it provides a foundation for further development of transport flows between Brazil, Chile and Argentina.
Sao Paulo-based Expresso Araçatuba is a well-managed family-owned company founded in 1952. The company had a revenue of BRL 294.5 million (about EUR 101.6 million) and EBITDA of BRL 15.3 million (EUR 5.3 million) in 2008. It offers express transportation - mainly by road - from the South and South East of Brazil to the highly attractive North and Central West regions, home to the continent's largest concentration of pharmaceutical companies and large manufacturing plants. It employs about 2,200 people and operates 1,000 vehicles and 40 depots.
"This is great news for our customers, as it enhances TNT's value proposition by creating a seamless nationwide capability," said Curtis Watson, Regional Managing Director, Latin America. "Customers in Brazil can now benefit from TNT's broad range of services and domestic and regional coverage via the South American Road Network."
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