Press Release


TNT sells ID Company Fashion to WE International

Publish Date : 2 May 2006 at 08:30 CET - Amsterdam, TNT N.V. and WE International B.V. (WE) today announced that they have completed the sale of ID Company Fashion B.V. (IDCF). Parties agreed not to disclose financial details.

TNT decided to divest IDCF as the company's activities are non-core to TNT.
IDCF is one of the leading suppliers of corporate wear in the Netherlands. The company is increasingly internationally oriented and currently services around 20 corporate clients in the Netherlands and abroad. TNT will continue its existing relationship with IDCF as its main corporate wear supplier. The combination of IDCF and the corporate wear activities of WE will provide a solid basis for future growth and profitability.

TNT N.V. provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximize its network performance. TNT serves more than 200 countries and employs over 128,000 people (over 163,500 people including the division Logistics which is intended to be divested). For 2005 the company reported € 10.1 billion in revenues (€ 13.6 billion including Logistics). TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York and Frankfurt. TNT recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environmental Programme to fight hunger and pollution in the world.

Page publication date: 2 May 2006 at 08:30 CET