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:
Product updates
Burcon unveils canola protein isolate for egg replacement
Plant-based Dairy & Egg
Yesterday
Product updates
Bene Meat Technologies produces first cultivated burger at parity with premium beef
Cell-cultured Meat
Yesterday
Geographic expansion
‧
Regulation/policy
The Better Meat Co. expands to Asia with Singapore approval for Rhiza mycoprotein
Plant-based Meat
Yesterday
Listing
Pony.ai files for US IPO
Auto Tech
Yesterday
Product updates
MineOS launches DSR management 2.0
Digital Privacy Tools
Yesterday
Product updates
LatticeFlow launches the first evaluation framework for EU AI Act compliance
Generative AI Infrastructure
Yesterday
Product updates
Cognitive3D launches custom dashboards for XR analytics
Extended Reality
Oct 16, 2024
Funding
Mindtech raises GBP 4.4 million in funding to develop AI vision technology
Extended Reality
Oct 16, 2024
Partnerships
Zscaler and Okta partner to enhance zero trust security initiatives
Identity & Access Management
Oct 16, 2024
Partnerships
Zscaler and Okta partner to enhance zero trust security initiatives
Next-gen Cybersecurity
Oct 16, 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.