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In December 2024, the UK Labour government approved the £3.6bn sale of International Distribution Services (IDS) to EP Group, marking the first time the 508-year-old postal service came under foreign ownership. The deal, reviewed under national security laws, included commitments to retain the universal service obligation, UK headquarters, and ...
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The company was known as German Parcel when it was founded in 1989 by Rico Back, formed by bringing together twenty-five freight forwarders. [2] Ten years later it was acquired by Royal Mail Group, which used it to form a new holding company: Global Logistics Systems (GLS).
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A national telephone service was opened by the Post Office in 1912. In 1919, the first international airmail service was developed by Royal Engineers (Postal Section) and Royal Air Force. The London Post Office Railway was opened in 1927. [31] In 1941, an airgraph service was introduced between UK and Egypt. The service was later extended to ...
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Parcelforce Worldwide is a courier and logistics service in the United Kingdom. Parcelforce Worldwide is a trading name of Royal Mail , which is a subsidiary of International Distribution Services , [ 1 ] and is organised within the UK Parcels, International and Letters division of the group. [ 2 ]
Martin Seidenberg (born 1973) is a German business executive, and the CEO of International Distributions Services, the parent company of Royal Mail, and started the role in August 2023.