DHL Group has signed an agreement to acquire 100% of Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries.
MNG Kargo is a parcel delivery company in Turkey, where the parcel and e-commerce market is growing rapidly.
This acquisition will create additional synergies for DHL Group which noted that its customers will benefit from logistics offerings within Turkey as well as cross border through the collaboration of the various DHL divisions already present in the country.
DHL Express inaugurated a new, state-of-the-art hub at Istanbul Airport in 2021, and recently, DHL Global Forwarding announced it would be intensifying its cooperation with Turkish Cargo.
Tobias Meyer, CEO of DHL Group, commented, “E-commerce remains one of the biggest growth drivers for logistics services and especially for parcel volumes. We, therefore, continuously work to expand our footprint in the e-commerce sector – whether through organic or inorganic growth. MNG Kargo complements our business portfolio and will help further to strengthen our position in this sector.”