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New Deal


Announced

PostNL to acquire Sandd for $145m.

Financials

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Transaction Value£117m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Netherlands

postal services

Single Bidder

Express Courier / Parcels

Acquisition

Private

Natural

Majority

Domestic

Synopsis

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PostNL, a postal service company, agreed to acquire Sandd, a mail sorting, transporting and delivery company, for $145m. Deputy Minister of Economic Affairs and Climate Policy has granted conditional approval. “This is a key strategic step towards a robust and stable mail business. We are very aware of the responsibility that comes with our leading position in the postal market, which means that we will continue to carefully weigh the interests of all stakeholders to help us create both financial and social value. The consolidation will bring greater quality and continuity to senders and consumers, and enhance job security for our postal deliverers. We’ll be continuing our existing price policies of the past few years,” Herna Verhagen, PostNL’s CEO

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