Global logistics company TNT N.V. and WE International B.V. (WE) announced that they have completed the sale of ID Company Fashion B.V. (IDCF). Parties agreed not to disclose financial details.
TNT decided to divest IDCF as the company's activities are non-core to TNT.
IDCF is one of the leading suppliers of corporate wear in the Netherlands. The company is increasingly internationally oriented and currently services around 20 corporate clients in the Netherlands and abroad.
TNT will continue its existing relationship with IDCF as its main corporate wear supplier. The combination of IDCF and the corporate wear activities of WE will provide a solid basis for future growth and profitability.
Netherlands, TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximize its network performance.
TNT focuses strategy will make us build on that track record to strive to become the first pan-European mail company.
TNT N.V. provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. TNT design, implement and operate complex supply chain solutions on a national, regional and global scale for medium to large enterprises.