Announced

NZ Post completed the acquisition of Fliway Group.

Synopsis

NZ Post, a state-owned enterprise responsible for providing postal service in New Zealand, completed the acquisition of Fliway Group, one of the largest fully integrated logistics providers in New Zealand. Financial terms were not disclosed. "Many of our customers, including retail and e-commerce customers, frequently ask us to provide a solution to deliver their large items that typically don’t fit into our network. It’s a hassle for them to deal with multiple logistics providers and since we often already deliver most of their parcels, this is a natural extension of our offer to our customers," Norbert Bojarski, NZ Post Executive General Manager of Investments and Ventures.

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