EU Commission approves take-over of Securicor Omega Holdings
Complete integration of Securicor Omega into the European networkBonn, 06/20/2003, 11:30 AM CEST
The EU Commission has agreed to Deutsche Post World Net taking over the remaining shares of the Securicor Omega Holdings joint venture. After having already successfully entered the British parcel and logistics market by means of a fifty percent stake in the joint venture in March 1999, Securicor Omega can now be completely integrated into the Group's European network.
Since the beginning of this year Deutsche Post World Net has been pooling its national and international parcel and express businesses as well as its global logistics with total revenues of EUR 21.5bn under the DHL brand. John Hogan will, as Managing Director at Securicor Omega Holdings, continue to manage the 'new DHL' in the U. K. and Ireland.