TNT Acquires TopPak

TNT is expanding its e-commerce activities with the acquisition of e-fulfillment specialist TopPak. With this acquisition, through its Parcel Service business, the former is strengthening its position in the distribution market and adding a link to its e-fulfilment service chain.

TopPak has revenues of approximately €10 million (US$13.7), and handles some six million packages per year. The parties did not disclose transaction details.

Fulfillment entails service aspects like processing orders, stock management and packing products for shipping, in effect handling the entire administrative and logistics chain for orders, either traditional or online.

The acquisition of TopPak is in line with TNT’s Vision 2015 strategy on Parcels and Special Delivery Solutions (SDS).

TNT, www.tnt.com