Publish Date : 04 May 2016 19:35 CET – Hoofddorp, the Netherlands
TNT Express N.V. today announced its intention to sell its overnight distribution subsidiary TNT Innight to the private equity firm Special Situations Venture Partners III (“SSVP”) advised by Orlando Management AG.
The sale is motivated by TNT’s wish to concentrate resources on strengthening its core express delivery activities.
TNT Innight provides night-time distribution services in Europe to companies in sectors such as automotive, agriculture, and engineering machinery. Because of the specificity of its service, TNT Innight manages its own distribution network, distinct from that of TNT Express. It employs about 1,300 people across 40 facilities in Northern and Central Europe.
TNT Express and TNT Innight have a few valued customers in common, for example in the automotive, engineering machinery, and agriculture sectors. TNT Express will continue to support these customers and industry sectors as before.
Read more at tnt.com