The Competition Authorities approves the establishment of the largest purely Danish-owned distribution company
Today, Wednesday, the Competition Authorities gave the green light for JP / Politikens Hus in collaboration with Jysk Fynske Medier and Berlingske Media to merge the distribution companies Dansk Avis Omdeling (dao) and Bladkompagniet. This creates the largest purely Danish-owned distribution company.
“We are pleased that we now have the opportunity to create a strong, Danish-owned distributor, which makes us even better capable of competing with the large, international players and thus ensure the Danes' opportunity for efficient delivery of newspapers, parcels and mail all the way home to the door - 365 days a year”, says COO in JP / Politikens Hus, Dorthe Bjerregaard-Knudsen, who will be chairman of the board of the merged company.
dao was previously jointly owned by Jysk Fynske Medier and JP / Politikens Hus, while Bladkompagniet was owned by Berlingske Media and JP / Politikens Hus.
The new, merged company will have an annual turnover of around DKK 1.5 billion. JP / Politikens Hus will own 51 per cent. of the company, while Jysk Fynske Medier will have an ownership share of 32 per cent. and Berlingske Media a share of 17 per cent.
Both companies and brands will be continued with dao as the parent company in the combined company. dao, which is already today one of the leading players in the parcel market, will focus in particular on the development of its nationwide parcel services, while Bladkompagniet will house the activities within nationwide magazine and letter distribution.
Morten Villberg, who is currently the director of dao, will be the managing director of the new, merged company. In addition, the company's management will consist of Deputy CEO, Janus Mark Erwolter, Operations Director West, Henning Stenfeldt Riddersholm and CFO Michael Lauritz Møhl.
“We are very much looking forward to getting started with realizing the possibilities in the merger. The ambition is quite clear. We must develop an even more competitive alternative to the other players in the distribution market by combining the best from Bladkompagniet and dao - and thereby increase the speed of development and strengthen the quality experience”, says Morten Villberg.
Jesper Nielsen, who has been CEO of Bladkompagniet since May 2016, will resign in connection with the merger.
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