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Comment on Royal Mail acquires Canadian parcel delivery company by Anonymous
['Ian Taylor']
Comments for Post & Parcel
Royal Mail has announced that its subsidiary, General Logistics Systems (GLS), has acquired Canadian parcel delivery company, Dicom Canada, from Wind Point Partners, a Chicago-based private equity firm.
Dicom Canada primarily provides business-to-business parcel services, operating across Canada, with a major focus on the Eastern Canadian provinces of Ontario and Quebec.
Dicom Canada generated unaudited revenue of C$233 million in the 12 months ended 30 June 2018.
Dicom Canada will continue to be led by Rick Barnes, President, together with Dicom Canada’s existing management team.
GLS provides geographic diversification for Royal Mail Group’s earnings and is a growth engine for the Group.
['delivery'
'canada'
'royal'
'gls'
'canadian'
'dicom'
'provides'
'growth'
'services'
'acquisition'
'mail'
'acquires'
'parcel'
'company']