Dutch postal service PostNL acquires competitor Sandd

PostNL is taking over competitor Sandd, the two companies announced at the presentation of PostNL's annual figures on Monday. Last year the two companies indicated that they are planning a merge, because the postal market is shrinking due to digitization, the Telegraaf reports.

Over the past few years, PostNL and Sandd have been fighting each other for large business contracts.

PostNL will takeover Sandd's 19 thousand employees and 23 locations. The expectation is that the acquisition will be completed after the summer.