TNT acquires Hoau

(Shanghai Daily)
Updated: 2007-03-15 17:41

Global express and mail service provider TNT announced yesterday it has completed the acquisition of Hoau Group, China's private freight and parcels delivery firm.

The US$135 million deal is expected to give TNT a competitive road transport capability in China, the Dutch company said. Hoau's network includes 1,100 depots, 3,000 vehicles and 56 hubs in China covering all major and second-tier cities, it said.

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