News of 01.06.2005

GLS increases its shareholding in General Logistics Systems Poland

Amsterdam, March 2005. General Logistics Systems Poland (GLS Poland) becomes a wholly owned subsidiary: “With effect from January 1st 2005, GLS adds the remaining 74.9 percent of GLS Poland to its existing holding of 25.1 percent”, explains Rico Back, Chief Executive Officer of General Logistics Systems B.V., Amsterdam (GLS). “GLS is planning to conclude a system-partner contract with the current majority shareholder, the Raben Group, which will maintain and intensify the close and trusting cooperation.”

The new Managing Director of GLS Poland will be Klaus Conrad, who, in addition, is also Managing Director of GLS Germany and is responsible for GLS’ activities in Central Europe. Furthermore, an Advisory Board was formed on the 1st of January 2005, the Chairman of which is James Rietkerk, Chief Finance Officer of General Logistics Systems B.V., Amsterdam; among the Advisory Board members is Ewald Raben, Chief Executive Officer of the Raben Group.

GLS Poland – navigating the path to growth successfully

GLS Poland grew out of Szybka Paczka Sp. z o.o.. “The company, which specialises in parcel distribution as well as additional services, has not just positioned itself successfully on the Polish market but has also earned a well-deserved place within the GLS Group thanks to its outstanding development”, says Conrad. “Since 2001, the company has been legally entwined with GLS and this collaboration has enabled it to complete its connection to the European parcel market.” Already GLS Poland is among the three largest parcel services in Poland. In early 2004, the GLS brand and the name GLS Poland were launched on the market. “GLS Poland is continually extending its services, improving customer support and ensuring that GLS’ special quality requirements are met – on both a national and international level”, summarizes Conrad. “During the course of the EU’s eastern expansion, we will succeed in acquiring a further share of the rapidly growing Polish market.”