EDGE
  • home.svg
    Home
  • news.svg
    All updates
  • news.svg
    EDGE Insights
  • list.svg
    Industries
  • db-search.svg
    Company Search
  • company-list.svg
    My Watchlists (Beta)
All Updates

All Updates

icon
Filter
Partnerships
Sennder and Poste Italiane expand Italian JV
Truck Industry Tech
Jul 12, 2023
This week:
Funding
EKORE raises EUR 1.3 million (~ USD 1 million) in seed funding to strengthen platform
Digital Twin
Yesterday
Funding
Culina Health raises USD 7.9 million in Series A funding to expand offerings and expand team
Functional Nutrition
Dec 19, 2024
FDA approval
ViGeneron receives IND clearance for VG801 gene therapy
Cell & Gene Therapy
Dec 19, 2024
Product updates
Reflex Aerospace ships first commercial satellite SIGI
Next-gen Satellites
Dec 19, 2024
Partnerships
Vast partners with SpaceX for two private astronaut missions to ISS
Space Travel and Exploration Tech
Dec 19, 2024
Management news
Carbios appoints Philippe Pouletty as interim CEO amid plant delay
Waste Recovery & Management Tech
Dec 19, 2024
Funding
BlueQubit raises USD 10 million in seed funding to develop quantum platform
Quantum Computing
Dec 19, 2024
FDA approval
Arbor Biotechnologies receives FDA clearance for ABO-101 IND application
Human Gene Editing
Dec 19, 2024
Funding
‧
Partnerships
Personalis partners with Merck and Moderna for cancer therapy development and investment
Precision Medicine
Dec 19, 2024
Partnerships
COTA partners with Guardant Health to develop clinicogenomic data solutions for cancer research
Precision Medicine
Dec 19, 2024
Truck Industry Tech

Truck Industry Tech

View industry hub
Jul 12, 2023

Sennder and Poste Italiane expand Italian JV

Partnerships

  • Sennder, a Germany-based freight matching platform, and Italian postal company Poste Italiane have extended their Italian Joint Venture (JV; Sennder Italia) and commercial agreement for up to 10 years, with the potential to generate EUR 2.3 billion (USD 2.6 billion) in revenue for Sennder Italia.

  • The agreement includes an increased ownership stake for Sennder in Sennder Italia (to 75%) and an increased Poste Italiane's stake in Sennder (to 10% on a fully diluted basis). 

  • Sennder Italia, established as a digital freight forwarder in Italy, has reported EUR 4.5 million (USD 5.0 million) EBITDA in 2022 and achieved continuous YoY double-digit growth. The JV aims to leverage technology to optimize full truckload (FTL) operations and enhance logistics processes.

  • Analyst QuickTake: Sennder first established the JV with Poste Italiane in July 2020 to improve efficiency and provide full visibility of its trucks. The JV was expected to save around 6% of Poste Italiane’s annual spend (EUR 100 million [USD 120 million]) on FTL.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.