Apollo-owned Evri merges with DHL to create UK delivery giant
The parcel delivery group Evri has merged with the UK e-commerce business of DHL to form a business capable of handling 1 billion parcels a year.
DHL Group will buy a significant minority stake in Evri as part of the transaction enabling Evri to enter the letter market for the first time.
Evri, formerly known as Hermes UK, was bought by Apollo, the American investment firm, in a £2.7 billion deal in July 2024. DHL eCommerce UK is a subsidiary of the DHL Group that provides logistics services for online businesses and cross-border transportation of parcels.
The parcels group more than doubled its annual pre-tax profits in the year before it was sold as it achieved a 'record year' for deliveries. The company had
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