Royal Mail acquires Dicom Canada
Royal Mail has acquired Dicom Canada, a business which provides parcel delivery services across Canada with major focus on Ontario and Quebec.
Dicom Canada offers ground-based parcel, freight and logistics services from a network of 28 depots, working with partner carriers across Canada to provide national logistics services. The consideration is c$360 million on a debt and cash free basis. Dicom Canada will continue to be led by Rick Barnes, president along with Dicom's existing management team. The business will be fully consolidated within GLS for reporting purposes.