Print Print edition: 2006-09-02

TNT acquires Indian express firm

Published September 2, 2006 Updated September 2, 2006 12:00am

Dutch mail firm TNT NV said on Friday it acquired India's Speedage Express Cargo Services for an undisclosed sum. TNT said the acquisition will put it among the top three companies in India's road express market. It said Speedage posted turnover of 17 million euros ($21.84 million) in the 2005/2006 financial year.