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TNT Aiming for Fast Growth in Brazil
Mar 21, 2007
First express services company to offer both domestic and international deliveries
"TNT is aiming for double digit growth in Brazil as the domestic express market booms. TNT becomes the first express services company in this country to offer both domestic and international deliveries", said CEO Peter Bakker during a press briefing held today in Săo Paulo.
Peter Bakker and TNT's board of management were in Săo Paulo as part of a four-day trip to Brazil to visit newly acquired Mercúrio and review the company's strategy for South-America. The acquisition of Mercúrio last January gives TNT the leadership in the 1.3 billion euro Brazilian domestic market for express services, which grows by 15% a year.
In January 2007, TNT acquired Mercúrio, the Brazilian express market leader, with a share of 15%. Mercúrio's revenues grew by 15 to 20% per year over the last decade. Its network connects 3,300 cities across Brazil and expands into Chile, Argentina and Uruguay. Mercúrio offers day-definite services and track-and-trace. The company employs over 6,000 employees. Its 2,000 vehicles and 100 depots add to TNT's existing 33 depots and hubs in Brazil. Last year, Mercúrio had revenues of about 190 million euros.
"Orders from TNT's global customers will boost Mercúrio's activities in Brazil", said Marie Christine Lombard, Group Managing Director of TNT's express division. "Conversely, Mercúrio's opens us the doors of another dynamic economy."
"The acquisition of Mercúrio fits into TNT's strategy of becoming number one in emerging markets", she continued. "TNT strengthens its presence region by region. After China, India and Asia, Brazil is a logical step."
"Brazilian customers reacted positively to the acquisition of Mercúrio by TNT. They can save time and money by using the same local provider for both domestic and international express deliveries. TNT expands Mercúrio's services offer", said Roberto Rodrigues, General Manager of TNT in Brazil.
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