GLS acquires Redyser Transporte
The GLS Group has acquired the Spanish express parcel delivery company Redyser Transporte.
With the acquisition of Redyser GLS Spain further enhances the domestic offering and strengthens GLS’ position as Spain’s second biggest express parcels network following the acquisition of ASM Transporte Urgente in June 2016.
Redyser predominantly serves the express parcels segment delivering around 14 million parcels annually. It operates through a network of over 200 agencies and franchises and 12 sites in Spain’s main cities.
Expanding the Spanish market
For a total consideration of €16.5 million, GLS acquired 100% of the shares in the Spanish parcel delivery company. In the year ended 31 December 2017, Redyser generated revenue of approximately €45 million. Redyser will be consolidated within the existing Spanish operations.