Post Invests In Australian Supply Chain

13 August 2001

New Zealand Post Invests In Australian Supply Chain And Electronic Commerce Messaging Companies

New Zealand Post announced today that it had acquired a 25 per cent shareholding in Australian supply chain company Dawson Group and had provided funding for ECN to invest in Australian electronic commerce messaging companies TEDIS and PacStream.

New Zealand Post’s shareholding in ECN remains at 50 per cent.

New Zealand Post Enterprises Chief Executive, John Allen, said the investments extended New Zealand Post’s capabilities in Australia and provided additional expertise in supply chain management and electronic commerce messaging.

“Many of our major customers increasingly regard Australia and New Zealand as one market. These investments allow us to enhance our service offer to customers relocating or doing business in Australia and follow the purchase of Couriers Please in June last year.

“The investments are consistent with New Zealand Post’s strategy of becoming a leading eBusiness to meet the growing demand from our customers for electronic solutions that complement our traditional mail business.

“New Zealand Post must continue to build its electronic capabilities for these customers or risk losing their business. These investments provide us with access to innovative people and new technologies and services that we can offer to our customers.”

ENDS

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