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Eesti Post buys Lithuania’s leading express parcel delivery company

Klaipėdietė rado tuščią siuntinį.
E.Ovčarenko nuotr. / parcels
Šaltinis: BNS

Estonia’s logistics and postal services company Eesti Post, the operator of Lithuania’s self-service parcel terminal chain Post24, has acquired Unipakas, Lithuania’s leading logistics and express parcel delivery company, for an undisclosed amount.

Agnė Bartusevičiūtė, spokeswoman for Eesti Post, told BNS that the value of the deal was confidential and would not be disclosed by the parties.

“Eesti Post is moving aggressively to the surrounding markets. To be successful in competing with the logistics and postal companies operating in the global market and to ensure profitability, we also need to expand,” Meelis Atonen, the company’s council chairman, said in a press release.

The company hoped to become one of the best pan-Baltic partners for e-commerce clients through its existing self-service parcel terminal chains in Lithuania and Estonia and a similar chain being developed in Latvia, he added.

Post24 established by Eesti Post launched operations in Lithuania in mid-June. The company currently has 31 self-service parcel terminals in Lithuania and plans to increase their number to 35 by the end of the year.

Lithuania is the first foreign country in which the Post24 service has been launched. Early in June, Eesti Post Chairman Aavo Karmas told BNS that the Estonian company expected to hold a 10 percent share of the Lithuanian parcel market in five years’ time.

Unipakas posted around 76,000 litas (EUR 22,029) in net profit for 2011, the press release said. Its turnover is expected to increase to 6.9 million litas this year, from 5.5 million litas last year. The company runs regional logistics warehouses and transport parks in six Lithuania’s largest cities and in Latvia.

Baltic Post, a company controlled by Lithuania's state postal company Lietuvos Paštas (Lithuanian Post), launched a parcel terminal service in late 2011 and now has 60 self-service terminals.

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