December 22, 2011, 9:50 AM

The French La Poste and Swiss Post to Combine International Services

The new company will be able to attract new clients by offering high-quality solutions that meet the growing needs of its customer base.

December 21, 2011 - The French La Poste and Swiss Post, two of the principal European postal operators, have announced their intention to combine their respective cross-border mail activities in order to further enhance and develop their international-mail business. The alliance could be operational in the course of 2012 in the form of a joint-venture company to be owned equally by La Poste and Swiss Post, and which would be positioned among the key players in this sector. This joint venture, which has been approved by the Boards of Directors of the two companies, is subject to all required regulatory approvals being granted.

International mail is a dynamic market with global revenues for 2010 estimated at more than EUR 10 billion. Over the last several years, in order to fully enhance and develop their activities in this sector, both La Poste (La Poste Global Mail) and Swiss Post (Swiss Post International) have built a solid international presence with subsidiaries and co-operative ventures in key international-mail markets such as the United States, the United Kingdom, continental Europe and Asia.

The two operators are complementary, both from a geographic point of view and with regard to the products they offer. They also share the ambition of offering global solutions to businesses that wish to develop in the international market.

By combining their expertise and networks in cross-border mail, La Poste and Swiss Post will further increase their capacity to serve their international customers, thereby strengthening their business dynamics and the value of their international investments.

The new company will be able to attract new clients by offering high-quality solutions that meet the growing needs of its customer base.

The new joint venture company will combine the strengths and values of La Poste and Swiss Post and will be headquartered in Paris and Bern. The new company will combine all cross-border mail activities of La Poste and Swiss Post, eliminating inbound and outbound cross-border mail business in France and Switzerland. The regulated universal service obligation of La Poste in France and Swiss Post in Switzerland will not be included in the joint-venture company. The joint venture is subject to all required regulatory approvals being granted.

“La Poste and Swiss Post confirm their intention to be a leader in the international-mail market in order to accompany their clients and partners in their development around the world,” says Jean-Paul Bailly, President of the La Poste Group

“Both partners are complementary from both a geographical and market-offering point of view. The new company will thus provide the best available, value-added mailing solutions for its international clients,” emphasizes Jürg Bucher, CEO of Swiss Post.

Groupe La Poste is a multi-national group with four principal operating activities: mail, express parcel service, banking, and the La Poste retail brand. In 2010, Groupe La Poste generated revenue of EUR 20.9 billion and employed more than 276,000 staff. Each year, La Poste’s 17,000 branches are visited by some 45 million individuals and 3.5 million business customers. La Poste sorts and delivers over 27 billion items per year. True to its values and public-service mission, and backed by the commitment of its postal workers, by 2015 Groupe La Poste aspires to become a European leader in local postal and financial services.

www.laposte.fr/legroupe

 

Created in 1995, La Poste Global Mail (International Mail Division of La Poste) is a leading cross-border mail operator, with annual turnover of over EUR 700 million. La Poste Global Mail is established in the major outbound-mail markets with subsidiaries in France, the USA, the UK and Germany, and with sales forces which cover approximately 20 countries. Serving 170 countries through direct routes and with over 800 employees in France and abroad, La Poste Global Mail aims to be the partner of choice of French and international customers for cross-border mail, small-goods delivery and customer relationship management.

 

Swiss Post is a publically traded company owned by the Swiss Confederation. The Group has 61,500 employees, with 7,700 staff members based outside Switzerland. In 2010, the Group’s operating income totaled CHF 8.7 billion and the operating result was CHF 930 million. Around 14% of operating income was generated abroad. In its domestic business, Swiss Post transports 2.4 billion addressed letters, 1.3 billion unaddressed items, 1.4 billion newspapers and over 100 million parcels each year and is a major player in Swiss retail banking.

www.swisspost.ch

 

Swiss Post International Holding Ltd. was established in 1996 as a wholly owned subsidiary of Swiss Post. The business unit has 1,250 employees in the USA, twelve European countries and four major Asian cities. Its operating income amounted to CHF 788 million in 2010, with an operating result of CHF 49 million. Swiss Post International offers a specialized range of cross-border postal products and industry-specific solutions for its international business customers as well as private individuals and business customers in Switzerland.

www.swisspost.com

 

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