Royal Mail set to buy eCourier

Royal Mail has agreed to buy same day delivery company eCourier. Combining the service with Royal Mail’s current same day business, Royal Mail Sameday, the postal company hopes to “create a significant player in the national same day delivery market”.

Moya Greene, chief executive officer at Royal Mail, said: “Today’s announcement marks another milestone in our strategic objective of increasing our presence in growth areas of the parcels market. Same day deliveries are already one of the fastest growing segments of the UK parcels market.”

The acquisition of eCourier, which operates largely in Greater London and delivers nationally, is part of Royal Mail’s plan to enlarge its network and “enhance its parcel offering”. Ian Oliver, CEO of eCourier, will remain in his role.

Royal Mail have said that the “financial terms of the transaction are not material in the context of the Royal Mail Group as a whole.”