Parcel delivery firm Evri is poised to merge with DHL eCommerce, the e-commerce logistics arm of DHL Group, in a further consolidation within the sector.
The combined Evri operation is projected to deliver over a billion parcels and an additional billion business letters annually, employing 30,000 couriers and 12,000 office staff, according to DHL, as reported by .
As part of the agreement, DHL Group will acquire a "significant" minority stake in the newly formed Evri Group.
"By combining Evri's scale, innovation and DHL eCommerce's best-in-class premium van network, we are creating the pre-eminent parcel delivery group in the Ƶ," stated Martijn de Lange, CEO of Evri.
"Over the last decade, Evri has grown ten-fold in size and this transaction will further expand our access into the European and global e-commerce markets," added de Lange.
Last year, Evri reported revenues of £1.68bn, up from £1.46bn the previous year, driven by high demand for speedy e-commerce shipping as online ordering continues to surge.
In 2024, private equity firm Apollo acquired Evri from Advent International for £2.7bn.
Advent purchased the parcel company in 2020 (then known as Hermes), acquiring its Ƶ operations from German mail-order firm Otto.
More parcels and quicker shipping
The new group plans to utilise DHL eCommerce's network for quicker global transit, with Europe, the US and selected Asian markets – including India – set to benefit.
Pablo Ciano, CEO of DHL eCommerce, commented: "DHL eCommerce and Evri both stand for top service quality, reliability, and sustainability, which makes this partnership a great fit for our customers.
"Together, we'll be able to offer more efficient, far-reaching, and innovative solutions to keep up with the fast-paced e-commerce market. By joining forces in the Ƶ, we're creating a one-stop shop for all our customers' parcel needs here and giving them better delivery options from around the world."
The industry has observed remarkable mergers lately, with the Evri-DHL connection being the latest.
Recently in April, InPost, based in Poland, secured a deal with Yodel propelling it to become the third-largest delivery service in the Ƶ.
InPost anticipated the acquisition would hike its market share to eight per cent and significantly boost its capacity, facilitating over 300 million parcels each year.
Royal Mail's overseeing entity, International Distribution Services, was taken over by Daniel Kretinsky's EP Group in April for a sum of £3.6bn.
DPD, holding the position as the Ƶ's second dominant parcel distributor, expanded its operations by acquiring same-day service provider Citysprint in 2022 and the final mile delivery company Absolutely in 2023.
