A common trend these days within the international mail and parcel industry is that of mergers, acquisitions and strategic partnerships between long-standing companies. One of these companies is SkyPostal (OTCBB: SKPN), based out of Miami, Florida.
Earlier this year, when the company began trading on the public markets, Albert P. Hernandez, President and CEO of SkyPostal, stated, “Going public through this merger is the next step in our evolution, as SkyPostal strives to become the dominant mail distribution company in Latin America, the Caribbean and Mexico (‘LAC’). SkyPostal has been active since last year already acquiring Spring Global Mail Latin America, the regional unit of the TNT, Royal Mail, and Singapore Post-owned in a joint venture, in August of 2007.
“We are now in a position to implement an aggressive growth strategy that features internal growth as well as growth through the acquisition of key postal delivery companies within the region,” said Mr. Hernandez. He continued, “The highly fragmented postal delivery industry in the LAC region is ripe for consolidation and offers economies of scale related to cost reduction and the elimination of redundant services. The market is ideal for the application of current technologies, standardization of operating systems and the region-wide development of the SkyPostal brand.”
SkyPostal has become one of the largest facilitators of mail delivery from Europe and the United States into the LAC region for major European postal administrations and leading mail consolidators, delivering more than 150 tons of mail per month. The company has exclusive agreements in place with over 20 major private postal services in 20 different countries throughout the LAC region for the delivery of commercial mail, periodicals and parcel post.
“SkyPostal is in a unique position through our existing relationships to acquire and roll up the quality private postal carriers in the region and apply our proprietary GPS-based delivery technology… which will provide auto proof of delivery for regular post to a region where it is estimated that up to 30% of all mail never gets delivered,” concluded Mr. Hernandez.
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