Evri Faces CMA Scrutiny Over DHL Merger Deal

Deal News | Jun 11, 2025 | EIN

The UK's Competition and Markets Authority (CMA) has initiated an investigation into the proposed merger between delivery giant Evri and Deutsche Post DHL's e-commerce business in the UK. The merger, anticipated to create one of the largest parcel couriers in Britain, involves more than 30,000 couriers and van drivers, as well as over 12,000 additional workers. The combined company is expected to deliver over a billion parcels and letters annually. The CMA will determine if the merger could lead to a substantial lessening of competition after gathering public comments until June 25. This merger is part of a wider industry trend where delivery companies are aggressively vying for market share amid burgeoning online commerce demands. Evri, previously a part of German mail group Otto and rebranded from Hermes in 2022, was acquired by Apollo Capital Management for £2.7 billion last year. Meanwhile, DHL Group will secure a minority stake in Evri. The news arrives as other delivery companies, including Poland's InPost and the Czech Republic's EP Group, navigate the competitive landscape to boost their share in the burgeoning parcel market. Customer trust in delivery services remains a challenge, with consistent negative feedback for Evri and Yodel in customer service ratings.

Sectors

Logistics
Private Equity
E-commerce

Geography

United Kingdom – The UK is the geographical focus of the article as the proposed merger involves UK operations of Evri and DHL's e-commerce business.
Germany – Germany is relevant as DHL, a major participant in the merger, is a German company.

Industry

Logistics – This industry is relevant as the article discusses companies involved in the logistics and delivery services sector, highlighting mergers and acquisitions aimed at enlarging their market reach in parcel delivery.
Private Equity – This industry is relevant due to the involvement of Apollo Capital Management, a private equity firm, in the acquisition of Evri and the structuring of the merger with DHL's UK operations.
E-commerce – E-commerce is relevant as the driving force behind the demand for parcel delivery, prompting mergers and strategic expansions in the logistics industry.

Financials

£2.7 billion – The amount paid by Apollo Capital Management for Evri, previously known as Hermes.

Participants

Name	Role	Type	Description
Evri	Target company	Company	A delivery company set to merge its UK operations with DHL's UK e-commerce arm.
DHL Group	Selling Company	Company	A leading delivery company globally, it is involved in the proposed merger and will acquire a minority stake in Evri.
Apollo Capital Management	Bidding Company	Company	A US private equity firm that acquired Evri in 2022 for £2.7 billion.
Advent International	Previous Owner	Company	A US private equity firm that formerly owned Evri before the acquisition by Apollo Capital Management.
Competition and Markets Authority (CMA)	Regulator	Government	The UK government body responsible for regulating mergers and ensuring competition is not adversely affected.