FedEx named as suitor for German parcel company

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FedEx named as suitor for German parcel company - Freightwaves

Hermes parent Otto Group says company in ‘advanced stage’ talks to sell stake in parcel unit

According to a report in German newspaper Handelsblatt Today, FedEx Corp. is pursuing an ownership stake in German parcel company Hermes.

The article identified the Memphis-based transportation and logistics giant as the likely suitor to partner with Hermes to expand the company’s parcel distribution service, but listed Amazon.com and the logistics arm of Alibaba Group as interested parties.

Hermes competes in major European markets in Germany, France and the United Kingdom and presents a growth opportunity for FedEx to increase market share and gain scale in comparison to DHL’s dominance in the region.
 
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