GLS acquires Canadian parcel delivery company
The GLS Group has acquired the parcel delivery company Dicom Canada and is thus entering the Canadian market.
Dicom Canada mainly provides business-to-business parcel services, as well as freight and logistics services. The company offers high quality services across Canada, focusing on the eastern Canadian provinces of Ontario and Quebec – where 57 percent of the country's GDP is generated.
GLS acquires Dicom Canada for a total price of C$ 360 million (about €238 million). The acquisition does not include Dicom’s US business. It is in line with GLS' strategy to grow through targeted and focused acquisitions to capture higher growth segments outside Europe. In the US, the GLS Group is present in eight states.
Dicom Canada operates a network of 28 depots and works with partner carriers across Canada to provide pan-Canadian logistics services. The company employs around 1,400 people directly. It will continue to be led by Rick Barnes, President, together with Dicom Canada’s existing management team.