DHL eCommerce and CTT Expresso to form a joint venture.

DHL, a logistics company, and CTT Expresso to form a joint venture, a company that operates as both the national postal service of Portugal. Financial terms were not disclosed. "Today, we are laying the foundation for unmatched market access and expansion across Europe for our customers. E-commerce in Iberia is poised for significant growth in the coming years. Our investment and collaboration create a high-performing network, enhancing service quality and reliability for both B2B and B2C segments, aiming for 1billion EUR in revenue from joint operations. By leveraging the individual strengths of CTT and DHL eCommerce, this partnership positions us as the top choice for e-commerce businesses and retailers aiming to grow," Pablo Ciano, DHL eCommerce CEO.