Estonian Post has acquired one of the largest logistics companies in Lithuania Unipakas UAB, which expanded its business to Latvia last year, bbn.ee reports.
“Eesti Post has to be a strong, sustainable, and growing company. In order to achieve that, it is necessary to move aggressively to the surrounding markets. To be successful in competing with the logistics and postal companies operating in the global market and to ensure profitability, we also need to expand, “said Chairman of the Council, Meelis Atonen. ” Estonian Post’s home market is the Baltic region.”
Estonian Post’s strategic direction is to be the postal and logistics market leader and trend setter. By joining together our Estonian, Latvian and Lithuanian networks, will help us to be the best e-commerce partner in the Baltics and to be prepared for the overall e-commerce growth in the Baltic countries.
“The need to create a single network across the region comes from our customers, who see the Baltic States as one single market. In order to be successful in the Baltics, we had to find a partner who helps to move the trade flows across the Baltic States and the European direction, “said Chairman of the Board of Eesti Post Aavo karmas. Kärmas says that the-Baltic-wide network creates a larger volume synergy and thereby mitigates the increase of the price pressures associated with the overall costs.
In favour of the acquisition of Unipakas UAB spoke the fact that it is well-managed and rapidly growing company that offers a good quality courier service to business customers in Lithuania and Latvia. As a result of the transaction, transmission of shipments becomes faster and more convenient in the Baltics. We aim to provide simple services and by using self-service solutions it is also possible to save time.
“Compared to the rest of Europe there is a great potential in the Baltics for growth of e-commerce. Our goal is to help the Baltic e-shops to expand their businesses into the neighbouring countries. We also tend to offer your customers more favourable services, “added Kärmas.
Unipakas UAB was established in 2005. For 2012 the company´s planned turnover is € 2 million, net profit of 2011 is € 22 000.
In addition to 355 post offices, by the end of the year Estonian Post has in the Baltic States over 100 Post24 parcel terminals. Operating income of eight months in 2012 of the Logistics and Mail Company was € 32.4 million, net profit – € 1.8 million. Estonian Post employs 2579 people. Estonian Post Group consists of the parent company AS Eesti Post and the subsidiaries Estonian e-Invoicing Centre, Estonian Electronic Mail Ltd., Unipakas UAB and EP-24 UAB in Lithuania, and in Latvia Post24 SIA.
In the coming years the company plans to invest 12 million euros in the development of services in Estonia, Latvia and Lithuania.