Royal Mail buys into Canada with $360 mln Dicom deal: Reuters

Britain’s Royal Mail Plc has bought Canadian parcel delivery company Dicom Canada for $360 million, adding to its growing operations in a number of U.S. states and across Europe, Reuters reported. The acquisition from U.S. private equity firm Wind Point Partners comes as Royal Mail aims to boost revenue share from outside the United Kingdom through its international unit. Dicom Canada, which offers ground-based parcel, freight and logistics services, operates a network of 28 depots and works with partners to provide pan-Canadian logistics services, Royal Mail said, adding the Montréal-based company had posted good revenue and profit growth in recent years.

DealsCanadaNorth AmericaBriefs