Turkish firm to grow with Austrian Post

Turkish firm to grow with Austrian Post

ISTANBUL – Hürriyet Daily News
Turkish firm to grow with Austrian Post

Turkish Aras Kargo and its partner Austrian Post plan to be integrated technologically. Two firms plan 100 million liras of investment by 2015.

Turkish Aras Kargo announced it is to take significant steps in technology integration with its 25-percent partner Austrian Post during a press conference yesterday.

“After some planned investments together, we expect a sales income of 600 million Turkish Liras by the end of 2013,” said Aras Kargo CEO Evrim Aras, adding that the two companies were prepared to be technologically integrated in the future.

“We’ll continue to develop new products and services together. We have prepared an ambitious business plan, targeting a minimum 100 million liras of investment in 2014 and 2015,” Aras noted.

A 20 percent stake in Aras Kargo was sold to İş Girişim Yatırım Ortaklığı in 2011 and Austrian Post oversaw the partnership models in the negotiations it conducted with İş Girişim at the end of the second quarter of 2012, the heads of two representatives said. Afterward, Austria Post presented its offer, which was welcomed.

With the sale completed upon the approval of the competition authorities, Austrian Post paid 125 million liras for a 25 percent stake in Aras Kargo, which aims to achieve significant advances regarding technology integration in its operations through this partnership.