Swiss Post and Austrian Post want to work together
The Swiss and Austrian postal services are establishing a joint venture. Their goal is to strengthen their international activities in the area of addressed direct mail. However, the transaction still requires approval from the relevant competition authorities.
The two postal companies signed the cooperation agreement on October 15. Austrian Post holds a 65 percent stake in the new company, while Swiss Post holds 35 percent. It will be jointly managed by the two parent companies, as they announced on Friday.
By working together, the postal companies want to position themselves in the production of direct mail items in Central Europe and exploit growth opportunities in Eastern Europe. According to a press release issued by the two parent companies, the focus will be on consulting, design and production of addressed, individualized direct mail items. Synergy potential could be tapped through this merger and the structural change following the recession year 2009 could be driven forward.
The Managing Director of Prino Tec, Stephan Krauss, is taking over the management of the new company, which is headquartered in Schwandorf, Germany and includes subsidiaries in the Czech Republic, Poland, Russia, France and Sweden. The existing production sites in Germany, the Czech Republic, Poland and Russia will continue to operate.
By working together, the postal companies want to position themselves in the production of direct mail items in Central Europe and exploit growth opportunities in Eastern Europe. According to a press release issued by the two parent companies, the focus will be on consulting, design and production of addressed, individualized direct mail items. Synergy potential could be tapped through this merger and the structural change following the recession year 2009 could be driven forward.
The Managing Director of Prino Tec, Stephan Krauss, is taking over the management of the new company, which is headquartered in Schwandorf, Germany and includes subsidiaries in the Czech Republic, Poland, Russia, France and Sweden. The existing production sites in Germany, the Czech Republic, Poland and Russia will continue to operate.
