Swiss Post intends to acquire the Document Services unit of Telekurs Group. Document Services is the number one in the comprehensive field of document management. An agreement has been signed by both partners. The execution is due to be made in December 2004. Telekurs assessed a number of internal and external options for positioning its Document Services unit. In Swiss Post it has found a partner which can secure long-term development opportunities and further expand its leading position in document management.

Everything from a single source – a range of additional services for customers

Swiss Post already offers customers in Zurich a similar service in the form of HybridPost, where business customers transmit data electronically or on physical media to Swiss Post for bulk or individual mailings. The documents are printed on paper, packaged and dispatched at the Swiss Post processing centre. HybridPost is an innovative and future-oriented service used mainly by companies and authorities, – e.g., for invoices. By acquiring Document Services, Swiss Post will expand its expertise in this area, generate newletter volumes with this added-value service and reduce returns. Business customers will benefit in future from a comprehensive document management offering, in combination with other Swiss Post services, thus handing over time-consuming administration to Swiss Post.

New subsidiary for Mail

Over the past year, Document Services and its staff of 100 handled 130 million pages, 50 million items and 6 million scanned documents. Swiss Post plans to group the management and employees of Document Services and the 20 employees at HybridPost into a new subsidiary in the Mail business area. The acquisition of Document Services from Telekurs will not entail any job cuts.

The same press release will be issued by Swiss Post.