DHL eCommerce has agreed to acquire Lithuania-based Venipak Group, expanding its parcel delivery reach in the Baltic states. The deal will fold Venipak operating companies in Lithuania, Latvia and Estonia into DHL eCommerce, giving DHL full ownership in a region experiencing strong e-commerce growth. Venipak is one of the largest independent parcel operators in the Baltic region, with about 800 parcel lockers and an extensive network of out-of-home pick-up points. Terms of the acquisition were not disclosed, and the transaction is subject to customary closing conditions and regulatory approvals. Venipak will continue to operate under its existing brand during integration, with current management and employees remaining in their roles.
Deutsche Post AGAcquisition expands DHL eCommerce's parcel delivery network in the fast-growing Baltic e-commerce market.
Venipak is being acquired by DHL eCommerce, providing an exit for its owners.