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Croatia's Hrvatska Posta completes acquisition of Locodels

Croatia's Hrvatska Posta completes acquisition of Locodels Author: Hrvatska Posta. License: All rights reserved.

ZAGREB (Croatia), November 29 (SeeNews) - Croatian state-run postal service Hrvatska Posta [ZSE:HP] said it has completed the acquisition of Zagreb-based delivery service provider Locodels for an undisclosed price. 

Hrvatska Posta now offers its customers the possibility of same-day delivery in the area of Zagreb and its surroundings, HP said in a press release on Thursday. 

The acquisition is part of the company's development strategy "Posta 2022", which envisages the penetration into new markets.  

"The acquisition of Locodels is a logic step in accordance with our development strategy [...]. Hrvatska Posta has made many steps forward in the last two years when it comes to digital transformation and I am sure that the new service will be of great benefit to our business users in the near future", board chairman Ivan Culo said. 

The parties signed the acquisition deal in October.

Locodels helps people and businesses send packages cheaper and faster by connecting them with drivers going in the direction of the recipient's address.