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Secure Mail Services to combine with DX Services
6 July 2006
Secure Mail Services to combine with DX Services under new ownership
structure to create the leading independent end-to-end service operator
in the UK postal market
Mail Acquisitions Limited has today agreed the terms of a recommended
cash offer for DX Services with a view to combining the operations of
both Secure Mail Services and DX Services. Mail Acquisitions Limited is
a newly incorporated company ultimately controlled by Candover, a European
buyout firm. We expect completion in mid-September, subject to DX Services’
shareholder approval.
Today's announcement, which comes with a full recommendation from the
DX Services Board, subject to shareholder approval, is a positive and
confident step towards securing an exciting future under a new ownership
structure.
The combination of DX Services and SMS will deliver significant benefits
such as:
• Further improvement to the range and quality of services offered
to customers
• More extensive coverage through an expanded delivery network
• Increased volumes for key business partners and suppliers
By bringing together two such complementary businesses, we will create
new and exciting opportunities for employees and business partners. In
addition, the enlarged group will be able to provide secure and reliable
door to door mail services to both business and residential addresses
using the group’s exclusive, nationwide network.
Paul Kehoe will continue in his role as Chief Executive of DX Services,
with James Greenbury as CEO of the new parent holding company, Mail Acquisitions
Limited, and Keith Eden and David Miller taking responsibility for the
day to day running of Secure Mail Services.
Enquiries:
Julie Foster
Peter Hewer
Tulchan Communications 020 7353 4200
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