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PostNL () formerly TNT N.V. is a mail, parcel and e-commerce corporation with operations in the Netherlands, Germany, Italy, Belgium, and the United Kingdom. It provides universal delivery in the Netherlands, and is publicly listed at Euronext Amsterdam. The company was known as TNT NV until TNT Express was separated from it in May 2011, and the remainder of the company was renamed PostNL.
These included Ansett Worldwide Aviation Service to Morgan Stanley, the Komatsu Limited Forklift business, the Port of Geelong and some other Australian interests to Toll Group, and the Sydney Monorail and Sydney light rail operation to CGEA Transport Sydney.
On 25 June 1998, KPN merged its PTT Post division to form the TNT Post Group (TPG) that was listed on the Amsterdam, Frankfurt, London and New York stock exchanges.
target="_blank" rel="nofollow"> History TNT
target="_blank" rel="nofollow"> TNT Post Group - The first main company with an independent stock market listing TNT Post Group 25 June 1998
In April 1998, TPG opened its European Express Centre at Liège Airport Belgium. In October 1998, an international road hub opened in Duiven, Netherlands. In December 1998, TPG acquired French company Jet Services.
target="_blank" rel="nofollow"> TNT Post Group NV acquires leading express company in France TNT 15 December 1998 In April 2005, TNT Post Group was rebranded as TNT.
target="_blank" rel="nofollow"> TPG to become TNT: one global brand for all activities TNT Post Group 14 January 2005 In November 2006, TNT sold its logistics division to Apollo Global Management, it was later rebranded CEVA Logistics.
In March 2007, TNT acquired Hoau, China's private freight and parcels delivery firm. On 18 June 2007, TNT was delisted from the New York Stock Exchange.
target="_blank" rel="nofollow"> TNT completes delisting from New York Stock Exchange TNT 18 June 2007 In August 2010, TNT announced its intention to float the express business as a separate company. This took effect on 31 May 2011, with TNT Express floated on the Amsterdam Stock Exchange, and TNT NV renamed PostNL.
PostNL retained a 29.9% stake in TNT Express on completion of the breakup. Peter Bakker, chief executive officer of TNT since 2001, stepped down at the end of May 2011 with Harry Koorstra becoming CEO of PostNL. In April 2012, Harry Koorstra resigned after conflicts with the supervisory board. "PostNL's CEO resigns", Postal technology International, April, 2012, retrieved June 29, 2016 Herna Verhagen became the new CEO.
In June 2013, PostNL announced that to reduce costs in the face of declining volume, it would be eliminating Monday deliveries (accounting for only 2.6% of volume), cut the number of post boxes in half, and reduce the number of post offices from around 2,500 to about 1,000. From 2012 to 2013, the organization reduced the number of mail processing locations from 260 to 145.
Autoriteit Consument & Markt is charged with monitoring and enforcing the execution by PostNL.
TNT Post Germany was rebranded as Postcon in March 2014, and in May TNT Post Italy was rebranded , using the same logo style as its parent PostNL.
TNT Post UK was rebranded as Whistl in September 2014, and in October 2015 PostNL sold a majority stake in the company to its management in a management buyout. In August 2019, PostNL announced it had agreed to sell its Postcon operations in Germany to Quantum Capital Partners, with the sale expected to take effect from the end of 2019.
target="_blank" rel="nofollow"> Quantum Capital Partners to acquire Postcon business of PostNL PostNL 5 August 2019 In February 2020 PostNL signed an agreement with Mutares for the sale of 80% of the shares of the Italian subsidiary of PostNL, Nexive. Mutares would obtain a majority interest of 80% and PostNL a minority interest of 20% of the entity that acquired Nexive. The transaction was subject to a number of conditions and was expected to close in Q2, 2020.
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