Post Danmark

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Post Danmark A/S

Type	Government-linked company
Founded	1624
Founder	Christian IV of Denmark
Headquarters	Copenhagen, Denmark
Key people	Helge Israelsen (CEO) Fritz H. Schur (Chairman)
Products	Mail
Revenue	11.809 billion DKK (2007)^[1]
Net income	713 million DKK (2007) ^[2]
Employees	21.163 2007 ^[3]
Subsidiaries	Pan Nordic Logistics Data Scanning Budstikken Transport e-Boks Transportgruppen
Website	postdanmark.dk

Post Danmark A/S is the company responsible for the Danish postal service. Established in 1995 following political liberalization efforts, it has taken over the mail delivery duties of the governmental department Postvæsenet (established in 1624); it was turned into a public limited company in 2002. In 2005, 22% of the company shares were sold to CVC Capital Partners, 3% of the company shares were partly sold to employees at a discount, partly kept in reserve for a management incentives program.

As of 2007, Post Danmark employs about 21,000 people, and delivers approximately a billion letters and 37 million parcels every year on a day to day basis. Post Danmark has a wide variety of services, such an express deliveries (ensured delivery by no later than 9am the following morning), courier services, facility services, 10 o'clock service (ensured delivery no later than 10am every day), Electronic mailbox (mail getting scanned electronically and sent to you by email instead of regular post).

1 Merger with Posten AB
2 See also
3 External links
4 References

[edit] Merger with Posten AB

On the 1st of April, Post Danmark announced its intention to merge with the the Swedish postal company Posten AB. The joint company, which will have an annual revenue of approximately SEK 45 billion and more than 50,000 employees, will be owned by the Danish state, the Swedish state, and CVC Capital Partners^[4]. It is expected that the company will be listed on the stock exchanges of both Denmark and Sweden within 3-5 years.^[5]