Press Release

TNT Logistics to takeover KPN's Logistics activities

Publish Date : 3 February 2003 at 11:06 CET - TNT Logistics, a division of TPG, and KPN N.V. have signed a five-year agreement whereby KPN will outsource the logistics activities of KPN Logistics to TNT Logistics.

Through its subsidiary in the Netherlands, TNT Logistics will perform warehousing and transportation activities for KPN in the Netherlands with associated annual revenues of approximately EUR 20 million.

The agreement further increases TNT Logistics hi-tech/electronics customer base. In addition, the deal builds on TNT Logistics capabilities in the telecoms service sector, where it has particularly strong operations in countries such as Australia, India, France and Italy.

As of March 1, 2003, 163 employees will be transferred from KPN Logistics to TNT Logistics.

Page publication date: 3 February 2003 at 11:06 CET