Market position strengthened in USA

Press release dated 14.01.2003

Swiss Post International (SPI) - the international business unit of Swiss Post - has acquired "Priority Post". Based in the Baltimore/Washington D.C. area, the company is one of the largest non-postal providers of international mailings and specialized in the pre-sorting and processing of bulk mailings. SPI has had branches in New York and Los Angeles since 1998. By taking over "Priority Post", Swiss Post International can expand its position in the USA.

Swiss Post International - the international business unit of Swiss Post - has acquired the US-based "Priority Post". The company, which was founded in 1985, specializes in the sorting and processing of large international mailings (bulk mailings) for business customers. The company has its registered office in the Baltimore/Washington D.C. area and a branch in California. By acquiring "Priority Post", SPI can strengthen its position in the USA and expand its sales network. SPI has been represented in the USA since 1998 with branches in New York and Los Angeles. The purchase price for "Priority Post" is a low single-digit figure.

"Priority Post" is a partner of the US Postal Service (USPS). Thanks to this partnership - which will continue in future - SPI's business customers will profit from faster delivery times, a flexible product range and improved service in international mailing from the USA to the rest of the world. "Priority Post" also has high-tech software for dispatch processing as well as considerable technological know-how. In the long term, SPI hopes that the "Priority Post" purchase will result in better import conditions and thus enhanced quality for items being mailed to the USA.

SPI: Key international companies

Today, more than 500 employees work for SPI, the international arm of Swiss Post, which was founded in 1996. SPI has its own subsidiaries in Germany, Austria, France, Italy, the UK, the Netherlands and the USA. The core business of these subsidiaries is the dispatch of international mailings for business customers.