German postal and logistics giant DHL, which operates in Lithuania, has agreed to acquire Venipak, a parcel delivery group operating in the Baltic States and Poland.
The value of the deal was not disclosed. The acquisition includes Venipak companies in Lithuania, Latvia and Estonia and will allow DHL to establish its own local logistics network across the Baltic region, DHL Group and Venipak say.
Subject to regulatory approval, DHL will acquire all shares in Venipak from the company’s founder, Nerijus Raudonis, and integrate the business into its DHL eCommerce division.
“We will preserve what Venipak is valued for today in the Baltic states – speed, flexibility and close relationships with customers – while opening up access to one of the world’s largest logistics networks,” Venipak CEO Andrius Ladauskas said.
Pablo Ciano, CEO of DHL eCommerce, said the company was seeking a partner with strong knowledge of local markets, customer trust and growth ambitions.
“The Baltic States are currently one of the fastest-growing e-commerce regions in Europe, so we were looking for a partner that understands the local market, has earned customers’ trust and has the ambition to grow,” Ciano said. “Venipak joins DHL Group as one of the strongest independent logistics companies in the Baltic States.”
Venipak will continue operating under its existing brand, with its integration into DHL’s logistics network taking place gradually. The company’s management team and employees will remain unchanged, according to the announcement.
Over the next two years, DHL plans to invest in Venipak’s employees, expand its parcel locker network, increase sorting capacity at key terminals and upgrade information technology infrastructure. (LRT)