DHL set to buy Turkey’s MNG Kargo

DHL Group has signed an agreement to acquire the Turkish parcel service provider MNG Kargo Yurtiçi ve Yurtdisi Tasimacilik A.S. and its subsidiaries.

In a statement issued today (25 July), DHL said that Turkey’s parcel and e-commerce market is growing rapidly and MNG Kargo is one of the country’s leading parcel service providers.

Mainly driven by a young, dynamic population with a high affinity for digital communication, the e-commerce market in Turkey is expected to grow at double-digit rates in the coming years – significantly higher than the EU markets.

DHL said that the newly acquired parcel network includes 27 sorting centers for mid-mile transportation and over 800 centres for last-mile delivery.

Tobias Meyer, CEO of DHL Group, commented: “In addition to sustainability, globalization and digitalization, we have identified e-commerce as a megatrend in logistics and have therefore made it a focus of our Strategy 2025 over the past few years.

“E-commerce remains one of the biggest growth drivers for logistics and especially parcel volumes. That’s why we’re continuously working to increase our footprint in this area – whether through organic or inorganic growth. MNG Kargo complements our business portfolio and will help to further strengthen our position in this sector.”