Investment fund Abris Capital Partners has bought national delivery services company Cargus from DHL. The transaction is set to be finalized by the end of the year or the first trimester of 2013, pending approval from the Romanian Competition Council. Cargus was the local brand under which DHL was performing its delivery services. The value of the transaction was not made public.

With this transaction, Abris is taking over the clients base, the employees and the operational sites as well as the domestic delivery services operations of Cargus. Last year, Abris acquired Polish domestic delivery services company Siodemka.

The organizational structures of Cargus International and DHL Express Romania will remain unchanged, as DHL will continue to focus on the international services segment while Cargus on the domestic one.

For this transaction, DHL was consulted by KPMG Corporate Finance and RTPR Allen & Overy. Abris was assisted by Clifford Chance Badea and PwC Romania.

Photo: DHL Media Library