Deutsche Post AG (DPW) is not planning to carry out acquisitions through its DHL express-package and freight business, Handelsblatt said, citing an interview with Ken Allen, the management board member responsible for the business.
“At the moment, I’d rather swallow razor blades than buy any sizable rivals,” the newspaper cites Allen as saying. Deutsche Post will focus on expanding its express business organically, and the company last year outgrew rivals in terms of volumes moved, Allen was cited as saying.
To contact the reporter on this story: Richard Weiss in Frankfurt at firstname.lastname@example.org
To contact the editor responsible for this story: Benedikt Kammel at email@example.com