CitySprint further expands its UK market share through Post Haste acquisition
Thursday, 21 January 2010

CitySprint has acquired the Post Haste Group for an undisclosed sum.

Post Haste is a specialist same day express courier company which was founded in 1977. CitySprint has acquired the Reading, Bracknell, Basingstoke, Tolworth, Swindon, High Wycombe, Watford, Edinburgh and Dundee elements of the Group.

The deal enables CitySprint to further enhance their UK presence, increase revenues by an estimated 6% and continue their growth strategy which has been fuelled by a period of organic growth and four strategic acquisitions which have been made in the past 18 months.

Post Haste customers will now benefit from the opportunity for improved collection and delivery times made possible by CitySprint's unique national network. They will also have increased visibility over their bookings via CitySprint's sector leading OnLine services. CitySprint operates the largest GPS enabled SameDay fleet in Europe which allows its customers to benefit from real-time information at the touch of a button. Via the CitySprint website customers can not only obtain quotes and book jobs but they can also track the dedicated courier assigned to their job from the point of collection through to delivery. Unlike many other systems offered by competitors CitySprint's solution offers complete transparency by providing a real-time, live, map location of the courier undertaking each job, enabling customers to track the journey from beginning to end. In addition customers automatically receive a time stamped audit trail by email as well as the recipient's signature which can then be forwarded on as a hyperlink or PDF.

The acquisition represents a continued commitment to a bold, yet realistic, growth strategy. Whilst the deal does not expand their infrastructure, as all locations will be merged with existing CitySprint ServiceCentres, it does increase staff and fleet sizes enabling them to increase their capacity and therefore responsiveness.

Commenting on the deal CitySprint Chief Executive, Andrew Bernard said: "CitySprint's unique infrastructure, comprising over 30 ServiceCentres, is one of the key elements which enables us to remain the UK's leading SameDay courier company. We have recognised Post Haste as a strong business and are delighted to be able to offer our services to its existing customers, and look forward to welcoming staff and fleet to the CitySprint team."

Post Haste Chairman, Richard Howard added: "This deal has been a huge success; not least because of CitySprint's professional attitude. The deal, from beginning to end, has run smoothly with all of our fears unfounded and laid to rest by CitySprint's approach.  CitySprint is a professionally managed, well-oiled machine that has worked hard to ensure that staff and customers alike have had a positive experience throughout the transition period."