TNT Express signs MOU with Spir Communication

The two partners intend to quickly take a strong position in the fast-growing domestic French market for e-commerce and B2C deliveries.

Pending approval by the relevant authorities, under the agreement TNT Express will take a 50% stake in Adrexo Colis, Spri’s B2C standard parcels subsidiary.  Once finalised, the partnership will allow TNT Express France and Adrexo Colis to accelerate the development of an offering of standard home parcel delivery services with 48/72-hour guarantee.

Primarily aimed at merchant websites, the service will build on the two companies‘ strengths, including:

• Adrexo Colis‘ expertise in guaranteed domestic parcel deliveries to residential addresses (or service points) with full track and trace. Adrexo Colis delivered 22 million parcels and reported revenues of €52.8 million in 2009.

• TNT Express France will market the new offering operated by Adrexo Colis throughout the country. This offering will complement TNT’s existing B2C express delivery services within 24 hours in France.

• The density and performance of TNT’s transportation network in France (120 hubs, depots and sorting centres, 620 scheduled road connections and 14 daily air connections), which will strengthen the quality and coverage of Adrexo Colis‘ service. Adrexo will only make use of TNT’s network in few places where its own network is not developed.