Abris to merge Romanian courier firms
09:48
Polish private equity fund Abris Capital Partners has acquired Romania’s Urgent Curier, the third largest player on the local courier services market. The PE firm will merge it with number two on that market, Cargus, which it bought in 2012, Puls Biznesu reports.
The takeover of Urgent Curier has already been approved by the Romanian anti-monopoly authority. The merger of the two courier firms will take about six to nine months, Alexander Neuber, senior partner at Abris, told the daily.
The merger process should create a market player with a revenue of some €50 million and a 30-32-percent market share, Neuber also said.
