Acquisitions

Major acquisitions by divisions
Division	Company	Country	Shares (%)¹⁾
MAIL	Global Mail	USA	100.00
	Interlanden	Netherlands	100.00
	Koba	France	100.00
	Mail Merge	Netherlands	70.00
	SmartMail	USA	100.00
	The Stationery Office	UK	100.00
	Unipost	Spain	38.00
EXPRESS	Airborne	USA	100.00
	ASTAR Air Cargo	USA	25.00 voting/ 49.00 non-voting
	Blue Dart Express	India	81.03
	DHL Express (Canada), formerly Mayne Logistics Loomis	Canada	100.00
	DHL International	Bermuda	100.00
	DHL Pakistan	Pakistan	100.00
	DHL Sinotrans International Air	China	5.00
	Ducros Services Rapides	France	100.00
	Express Couriers Australia	Australia	50.00
	Narrondo Desarrollo	Spain	100.00
	Polar Air Cargo	USA	25.00 voting/ 49.00 non-voting
	PPL	Czech Republic	100.00
	Securior Omega	UK	100.00
	Van Gend & Loos	Netherlands	100.00
GLOBAL FORWARDING, FREIGHT	ASG	Sweden	100.00
	Air Express International AEI	USA	100.00
	Exel-Sinotrans Freight Forwarding	China	100.00
	F.C. (Flying Cargo) International Transportation	Israel	51.00
	Lee & Muirhead	India	100.00
	Nedlloyd Logistics	Netherlands	100.00
SUPPLY CHAIN	DANZAS	Switzerland	100.00
	Exel	UK	100.00
	Williams Lea	UK	95.98
Discontinued Operations	BHW	Germany	98.43
	Deutsche Postbank AG	Germany	50.00 + 1 share
	DSL Bank	Germany	100.00
	PB Capital	Germany	100.00