Poste Italiane, the Italian postal service provider, completed the acquisition of Nexive, a mail and parcels provider in Italy, from PostNL, a mail, parcel and e-commerce corporation, and Mutares, a German-based holding company, for €60m ($71m). "From a strategic point of view and in line with experiences of other European countries, the structural decline in mail volumes, further exacerbated by the impact and restrictions due to the health emergency, makes consolidation in mail and related logistics infrastructures a priority to ensure sustainability, employment level and accessibility to customers," Poste Italiane.