TNT Post takes next step in its e-commerce strategy

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NT Post acquires online shopping specialist Kowin
Amsterdam, 19 May 2010 – TNT Post has taken an important next step in implementing its e-commerce strategy by acquiring the e-retail specialist Kowin. With this transaction TNT Post adds expertise to its e-commerce chain in the field of online shopping and strengthens TNT Post’s capabilities as one stop service provider in the vastly growing online market. Parties have agreed not to disclose the financial details of the transaction.

The acquisition is in line with TNT’s Vision 2015 strategy as announced on 3 December 2009. TNT Post wants to become market leader in the full e-commerce chain. This starts with offering companies know how and data in the field of online marketing and e-retail, for example how to draw online customers to a web shop. The chain continues with managing and facilitating web shops and online payment, e-fulfillment, the physical delivery and customer service after delivery.

Kowin is a Dutch e-commerce solution provider with extensive know how in the field of online shopping and is a one stop service provider for the full chain. Over the last decennium the company has gained valuable expertise in how to draw online customers to a web shop, how to effectively sell a product and how to organize the after sale service, for example with regards to return shipments. Kowin services well known Dutch brands in successfully implementing full e-commerce solutions.

The expertise will enable TNT Post to develop the required capabilities for the entire e-commerce chain faster and to quickly expand its offering to new industries and markets. On top of this Kowin will support TNT Post’s current successful on line retail initiatives under the label of Sjopze.

The employees of Kowin will not be affected by the transaction.