Swiss Post buys majority stake in bike courier start-up notime
The national post provider in Switzerland, Swiss Post, has revealed it has bought a 51% stake in bicycle courier company notime. The tech company enables bicycle courier services to consumers and offers swift delivery, usually same say and often within a few hours of collection.
You can find more information and the announcement here.
By means of this investment, Swiss Post is positioning itself in a fast-growing market and is thus meeting customers’ needs for ever faster and more flexible delivery in urban areas. With its majority stake, Swiss Post is occupying a current niche that will develop into a relevant market in the foreseeable future. Customers, especially those living in urban areas, increasingly want to receive the goods they have ordered on the same day.
– Swiss Post
In part the rationale for this investment is the growing demand for swift delivery. “With our majority stake in ‘notime’, we want to play a leading role in shaping this business segment in Switzerland. Said Dieter Bambauer, Head of PostLogistics: “We can already see in cities and conurbations that providing fast and eco-friendly delivery will give us a key competitive advantage. That’s why we are investing in a model that fulfils the wishes of online customers perfectly.”