Deutsche Post’s DHL Won’t Do Big Acquisitions, Handelsblatt Says

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 rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.