DHL to buy Turkish parcel delivery provider MNG Kargo

ANKARA

World-famous courier firm DHL has signed a deal to buy Turkish parcel delivery company MNG Kargo and its subsidiaries, according to a statement from the company on Tuesday.

Türkiye's parcel market is expected to post double­-digit growth over the next years, thanks to a young and dynamic population with high affinity for digitalization and online shopping, read the statement.

E­commerce is one of the focus areas of DHL Group's Strategy 2025 to strengthen the profitable core and secure long ­term growth, it added.

Underlining the importance of e-commerce for the growth of logistics services and especially for parcel volumes, CEO Tobias Meyer said: "We, therefore, continuously work to expand our footprint in the e-commerce sector - whether through organic or inorganic growth."

"MNG Kargo complements our business portfolio and will help further to strengthen our position in this sector," he added.

MNG Kargo, with 27 mid-mile sorting centers and over 800 last-mile branches, is one of the leading parcel delivery companies in Türkiye, delivering parcels to 600,000 addresses per day.

Pablo Ciano, CEO DHL eCommerce, said: "The acquisition of MNG Kargo will strengthen our network and help us connect our customers with the Turkish market, and vice versa."