TNT has acquired the Dutch print and mailing house, Euro Mail, through Cendris, part of TPG
The positioning of Euro Mail is geared to Direct Marketing for small and medium-sized enterprises (SME), and the acquisition will put TPG Post and Cendris in a better position to develop and sell new product-market combinations for the SME segment.
Euro Mail specialises in mailing activities (enveloping, addressing, sorting and distribution), print services, fulfilment and other DM activities, including data and consultancy. Euro Mail primarily serves small, locally operating businesses, but in recent years has added a number of larger companies to its customer base.
With 116 people at ten operations sites across the Netherlands, Euro Mail reported sales of €29 million in 2004.
Cendris offers a complete portfolio of specialist solutions for direct communication, data and document management. The company operates in the Benelux region, the UK and Germany, and reported sales of €219 million in 2004
