“We decided to buy a domestic courier company three years ago, because the Romanian courier services are seeing a very fast growth rate, leaving international courier services behind.
Cargus was the only company with which DHL held negotiations, whilst others were halted and when they decided to buy, the DHL was certain the deal would come through. “There were ups and downs but we were confident we wanted to buy the company,” Sharp said.
On the other hand, Cargus had a gentlemen’s agreement with the owners, negotiating the sale exclusively with DHL. Cargus, one of the leading Romanian courier companies was worth 50 million euros at the time of the deal, according to the market sources, a value that officials did not confirm.