DHL Owner Seeks Big Stake in Williams LeaDHL Owner Seeks Big Stake in Williams Lea: Financial News - Yahoo! Finance
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DHL Owner Seeks Big Stake in Williams Lea
The Bonn-based company, Europe's biggest postal company and owner of shipper DHL, said it made the offer for Williams Lea
in part to bolster its own document management and logistics business.
Under the terms of the deal, which is subject to regulatory approval, Williams Lea
will operate independently of Deutsche Post
, which does business as Deutsche Post World Net
, and keep its board of directors.
"We have been very impressed with Williams Lea
and its management team.They have demonstrated an impeccable track record for delivering growth, integrating acquisitions and delivering a best-in-class service to clients," said Hans-Dieter Petram, a member of Deutsche Post's
added that that the company would help augment its DHL Global Mail.
"We see considerable potential to leverage our world class mail and logistics capability in adding more value to Williams Leas customer proposition," Petram said.
Currently, 38 percent of Williams Lea
is owned by the venture capital firm 3i Group.
Founded in 1820, London-based Williams Lea
offers corporate information management outsourcing, as well as document, print and logistics management.