Deutsche Post DHL Group
Deutsche Post DHL is the global market leader for logistics. Its Deutsche Post and DHL brands (Postbank is a discontinued operation since the third quarter of 2008) represent a wide range of services for managing and transporting mail, goods and information.
Its businesses include those formerly owned by such names as Danzas, DHL, AEI, Airborne, ASG, Nedlloyd and Exel. It has adopted a strategy of acquisitive growth worldwide with the clearly expressed aim of being the world's leading mail, express and logistics provider. It has spent in the region of €10bn on 70 companies since 1997.In 2013, its revenues were €55.1bn.
Deutsche Post World Net (DPWN) has its origins in the former German state mail, telecoms and post saving bank. In 1989, the German government decided to split these business functions and give them separate management structures. In 1995 legislation was passed, which turned Deutsche Post from a government department into a private company. This enabled the management to work towards the privatisation of the company, which was partly achieved in November 2000. At this time the German government sold 31% of Deutsche Post, realising €6.6bn from the sale.Deutsche Post entered the air express market by taking a strategic stake in DHL in the late 1990s. By 2002 it had obtained control of DHL and began to develop DHL as its flagship brand. In 2003 DPWN, through DHL, has acquired the US express service provider Airborne Inc, (at an acquisition cost of €983m) and now has a ground and air transport network at its disposal in the USA, the world's largest express market. It operates its own fleet of aircraft as well as using third party air cargo carriers and belly hold capacity of scheduled airlines.