PostNL to acquire Sandd for $145m.

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