TNT N.V. recently announced the acquisition of ARC India Limited that operates under the name of Speedage Express Cargo Services in India. Keeping with TNT’s strategic aim of becoming the leading provider express deliveries in the Asian market, this acquisition is set to provide TNT with major network support in the market. Combining Speedage’s powerful road network in India with TNT’s unbeatable international network infrastructure will create a great platform for further expansion in the region.
Founded in 1995 Speedage has an profitable annual turnover of over Euro 17 million as published in the financial year 2005/2006. The acquisition of Speedage will add 514 depots, 26 transit hubs, 730 vehicles and 1,195 employees to TNT’s already impressive fleet. Speedage also have about 1300 sub-contracted staff who help the company provide comprehensive delivery solutions to the Indian market.
TNT Express is a globally recognized organization, which delivers 3.5 million parcels, documents and freight a week around the world. TNT has a fleet of 19,000 road vehicles and 43 aircraft and has the biggest door-to-door express delivery service in Europe. TNT also boasted Euro 277 million operating income in the first half 2006 and a revenue of Euro 2.9 billion in the first half of 2006.
