The parties agreed that Singapore Post will acquire the Asia-Pacific business of Spring Global Mail and at the same time will exit the global joint venture. TNT and Royal Mail remain committed to the future growth of Spring Global Mail. Spring Global Mail will independently develop new business opportunities in the Asia Pacific region. TNT and Royal Mail will continue to own 100% of Spring Global Mail (TNT’s share in the joint venture will increase from 51% to 67.55%).
Spring Global Mail
Spring Global Mail (G3 Worldwide Mail NV) is a joint venture company formed in 2001 by three of the leading postal organisations – TNT of the Netherlands, Royal Mail Group of the United Kingdom and Singapore Post. Headquartered in Amsterdam and with 1,100 employees worldwide, Spring Global Mail provides creative, reliable and cost effective solutions for all types of businesses sending international mail. For more information, please visit the website: www.springglobalmail.com.
TNT 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 continues to optimise the performance of its networks. TNT serves more than 200 countries and employs some 160,000 people. Over 2009, TNT reported €10.4 billion in revenues and an operating income of €648 million. TNT is publicly listed on the stock exchange of Amsterdam. TNT recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world. Our efforts are being recognised: in 2010, TNT was again designated the “Supersector Leader” for “Industrial Goods and Services” (including the “Industrial Transportation” sector) in the Dow Jones Sustainability Index (DJSI), More information about TNT can be found on its website http://group.tnt.com.
PostNL is the inventive partner in the world of sending and receiving. We have been so for 200 years already. We are primarily active in the fields of mail, parcels and e-commerce, but we also offer services in the areas of data and document management, direct marketing and fulfilment. Outside the Netherlands, we are active in Germany, the United Kingdom, Italy, Belgium and Luxemburg. PostNL employs a total of more than 59,000 people. In 2013 our revenues reached € 4.3 billion.
We like to stay ahead of things. We are the most modern postal company in the world. We are proud of that. As the first listed postal company, we are an example to the rest of the world in automatic letter sorting. And our innovative parcels network is completely adapted to the wishes of web retailers.