New Zealand Post is broadening its base with the purchase of two other courier companies.
It's announced it's buying DHL's 50 percent share in Express Couriers Limited in New Zealand and Parcel Direct Group in Australia.
The purchase makes both companies wholly-owned subsidiaries of New Zealand Post.
New Zealand Post Group CEO Brian Roche says there's been a dramatic decline in the amount of letter mail while at the same time parcel and courier volumes are growing steadily.
He says the purchase is a strategic one, and will allow New Zealand Post to offer more to customers.
Acknowledgements: NZ City