Eastern European Markets

January the 2nd, 2013

Estonian Post has acquired shares of Estonian Electronic Mail Ltd from Itella

Eesti Post has acquired 100% of shares of the Estonian Electronic Mail Ltd. from Finnish postal company Itella, and will be incorporated into Estonian Post Info Logistics Division as Printing Solutions Department. The buyout of the shares was necessary primarily for providing customers with more convenient and integrated solutions.

"Cooperation between two companies was already very tight, but the merger creates better opportunities for offering combined services. For example, if a customer ordered before the e-invoicing solutions from Estonian Post and printing services from Estonian Electronic Mail, then now all services can be bought in one place,"said Board Member Mait Sooaru.

According to Sooaru joining two companies would enable to combine and to provide the best integrated solutions of printing services, production of promotional advertising materials, for preparing mailings and delivery. "Earlier all these services were ordered from different contact persons, as well as for the settlement of invoices were used two bank accounts, now all these processes will become simpler and more efficient."

Eesti Post owned 50.86% and Itella 49,14% of the shares of Estonia Electronic Mail. As a results of the buyout transaction with Itella Corporation Eesti Post became 100% owner of the shares.

Estonian Post Group consists of the parent company AS Eesti Post and the subsidiaries, Estonian E-Invoicing Centre Ltd, EP-24 UAB and UAB Unipakas in Lithuania, and Post24 SIA in Latvia.

For further information:
Inge Suder
Communications Manager
Tel +372 6257 292
Fax +372 6257 201
GSM +372 5039 908 

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