NZ Post puts Couriers Please on the block


Announcement comes just days after former CEO moves to StarTrack

NZ Post puts Couriers Please on the block
NZ Post has acknowledged Couriers Please faces strong competition

 

New Zealand Post Group’s 14-year link with Couriers Please is set to end.

While the state-owned postal firm listed in New Zealand has parcels central to its three to five-year "transformation plan", it has acknowledged in the past the heavy competition this sector boasts.

In February, the group said this plan would focus on finding "lower cost ways of working to manage the falling volume of mail coming into the network as well as growing its logistics, parcels and financial services businesses and delivering new products and services".

"New Zealand Post has started a process to sell its 100 percent owned Australian courier business, Couriers Please Pty Ltd," NZ Post now says in a short statement.

"Couriers Please is a courier business operating a nationwide metropolitan service in Australia. It has a strong and recognised brand in Australia with around 570 couriers and over 130 staff.

"New Zealand Post has engaged advisory firm 333 Capital to support the sale process."

The company had held Couriers Please in a joint venture with German-headquartered international logistics giant DHL until buying DHL out in 2012.

Last week, Australia Post appointed former Couriers Please CEO Harlis Malkic as general manager product at StarTrack Express.

 

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