Hoofddorp/Shanghai – TNT, the leading global provider of Express, Mail and Logistics services, announced today it is in the process of acquiring China's leading freight and parcels transportation operator, Hoau Logistics Group, based in Heilongjiang.
The deal is expected to be completed in the course of next year. Both companies have signed a Letter of Intent for this purpose.
Through this acquisition, TNT will become the largest privately owned transportation network for freight and parcels in China. TNT already operates the largest distribution infrastructure in China with 140 operating facilities, covering 2.4 million square metres of warehouse space across 600 cities.
Established in 1995, Hoau today has the densest privately owned road network in the country and is currently one of the market leading transportation companies for freight and parcels serving manufacturing as well as other type of clients. Hoau's network serves over 160,000 customers, dealing with various sectors like FMCG, Components, Appliances, Pharma and High Tech.
It has over 1,100 hubs and depots across China covering all major and second-tier cities with a service fleet of over 3,000 trucks and 12,000 employees. Hoau has been granted the rating of “AAAAA”, the highest category for the transportation industry in China, and its founder and current president, Mr. Wang Zhenhua, has received the honor of “China's Most Influential Entrepreneur and Business Leader” in the transportation industry.
Hoau will greatly strengthen its capability and leading position in China's transportation industry via TNT's injection of resources, network expertise and advanced IT systems. Rated as one of the best employers in China, TNT is committed to stability and further development of Hoau's management team and employees.
TNT China is the Chinese branch of TNT Group. TNT China provides integrated business solutions through three main business sectors -- Mail services, Logistics and Express. These services cover direct marketing solutions, door-to-door delivery services and supply chain management. TNT currently employs over 4,500 skilled professionals across its distribution infrastructure of 140 operation facilities across 600 cities in China. TNT China has developed over 2,000 service stations and currently operates seven gateways in China which includes: Beijing, Shanghai, Guangzhou, Dalian, Hangzhou, Xiamen and Shenzhen.
By joining with Shanghai Automotive Logistics Co. to form Anji–TNT Automotive Logistics Co. Ltd., TNT China has become the largest third-party automotive logistics provider in China.