Royal Mail, through its subsidiary General Logistics Systems acquires a Canadian parcel delivery company

|About: Royal Mail plc (ROYMF)|By:, SA News Editor

Royal Mail (OTCPK:ROYMF) acquires Dicom Canada, from Wind Point Partners, a private equity firm.

Dicom Canada will continue to be led by its existing management team, however for reporting purposes, it will be fully consolidated within Royal Mail's subsidiary General Logistics Systems

Total consideration is C$360M (~£213M) on a debt and cash free basis

The deal is expected to be earnings and cash flow accretive to Royal Mail Group in March 2019

Dicom Canada generated sales of C$233M

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