Royal Mail: buys Canadian firm to grow outside Europe

(CercleFinance.com) - Royal Mail's GLS unit has acquired Canadian parcel delivery firm Dicom Canada from Wind Point Partners, a Chicago-based private equity firm, the state-owned company said on Monday.


"This acquisition is in line with GLS' strategy to grow through targeted and focused acquisitions to capture higher growth segments outside Europe," said CEO Rico Back.

The acquisition, which does not include Dicom's US business, is worth approximately 213 million pounds (236 million euros), on a debt- and cash-free basis.

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