DPD in Russia and SPSR Express announce merger
17 January 2017
DPD in Russia and SPSR Express, two of the biggest courier companies of the Russian express and courier market, have announced their merger.
DPD in Russia, a member of DPDgroup owned by the international holding company GeoPost, a subsidiary of La
Poste, and SPSR Express have announced their merger. Upon closing of the transaction, which is subject to
approval by the Russian Federal Antimonopoly Service, the merged company will become the largest express
operator with a nationwide infrastructure, unparalleled competencies in all areas of logistics, a unique team of
experts and enhanced customer offering. GeoPost will become the majority owner of the post-merger business,
Elbrus Capital will have a significant minority stake with the balance owned by the management team.
Nikolay Voinov will become the CEO of the merged company. Vladimir Solodkin will chair the company’s Board of
Directors and its Strategic Committee. Sergey Kruglov will represent GeoPost as a member of the Board.
The Russian express and courier market has been growing strongly driven by development of e-commerce, with
growth expected to continue in future years. By leveraging its increased scale, access to long-term financing and
increasing investments in IT platform the company will provide to both e-tailers and online shoppers the market-
leading, technologically advanced and efficient solutions. The company will also further develop B2B services as
the potential for profitable growth rests on ability to retain and reinforce the company’s position on both the B2B
and B2C parcel delivery markets.
The merger is expected to be completed in the first quarter of 2017. The customers can expect to interact with
each company as they always have and receive the highest level of service quality according to the strict
standards of both companies. Initially before the set up of the single company, DPD č SPSR Express will continue
operating under the two separate brands.
“This merger opens new opportunities for a new level of development not just for the merged company, but for
the market as a whole,” said Vladimir Solodkin. “The transaction will create a universal service provider operating
in all segments of the logistics market. The company’s development will be focused on the evolution of new
technology solutions that will revolutionize the concept of logistics.”
“Our customers will benefit from this merger the most,” noted Nikolay Voinov. “Both companies have unique
competencies in the B2B and B2C segments, which will allow us to offer the best services in terms of content,
quality and cost. We aspire to create a company that will become the market leader not only in shipment volume,
but also sets the market standard for customer service and reliability. These are not just words, we feel
responsible for the way the market is going to be shaped in 5-10 years, and we will be creating the future
together with our customers.
GeoPost / DPDgroup Press:
DPDgroup press department
Phone: +33 (0) 1 4133 9145
SPSR Express Press:
Phone: +7 (495) 981 1010
Elbrus Capital Press:
Phone: +7 (925) 518 1798
About GeoPost / DPDgroup
GeoPost, via its international brand DPDgroup, is the second largest international parcel delivery network in
Europe. DPDgroup combines innovative technologies and local expertise to provide simple, flexible services for
both senders and recipients. Through its Predict service, DPDgroup has established new service standards by
placing customers at the centre of the delivery process. With 30,000 employees and a network of 22,000 pick-up
points, DPDgroup delivers 3.6 million parcels in 230 countries every day. GeoPost, the express holding company, is
100% owned by Le Groupe La Poste.
About DPD in Russia
DPD in Russia, one of the leaders in Russian delivery market, has over 125 depots, about 1000 pickup points and
its own divisions in the Customs Union countries. The company is the only Russian provider equally competent in
delivery of shipments of any weight and dimensions – from letters to freight. DPD offers delivery to 17,000
locations in Russia, Kazakhstan, Belarus, Kyrgyzstan, Armenia, and around the globe.
DPD in Russia is a member of the DPDgroup network, owned by the international holding company GeoPost.
About SPSR Express
SPSR Express has over 15 years extensive experience in supporting clients in postal services, express delivery and
warehouse logistics. SPSR Express has the most extensive network with 9 distribution and 15 sorting centers, 200
offices and representatives throughout Russia with a team of 4000 highly trained employees and more than 1000
vehicles. SPSR Express is the largest privately-held operator with a fully-owned branch network and a geographic
coverage of 6,000 inhabited cities. In 2013 the company launched its international division taking leading market
positions among privately-held express operators in Russia.
About Elbrus Capital
Elbrus Capital is a leading private equity business in Russia and the CIS. Elbrus Capital advises private equity funds
which have led over 70 acquisitions since 2007. The funds' total assets under management exceed $1 billion. Key
investors in the funds are large international institutional investors and international development institutions.