(Reuters) – Royal Mail Plcs (RMG.L) international arm GLS has bought Canadian parcel delivery company Dicom Canada from Chicago-based private equity firm Wind Point Partners for C$360 million ($275.7 million), the British post and parcels company said on Monday.
Royal Mail vans are parked in the Leytonstone post office depot in London, Britain early July 6, 2017. REUTERS/Russell Boyce
The deal, which takes Royal Mail into Canada, was funded through existing borrowing facilities and will be earnings and cash flow accretive in the financial year ending March 31, 2019, the company said.
Reporting by Justin George Varghese in Bengaluru; Editing by Amrutha Gayathri
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