Bol.com acquires all shares in Cycloon
July 11, 2023 – Ahold Delhaize is happy to share that our native Dutch e-commerce model, bol.com, and postal and parcel service, Cycloon, have introduced right now that they’re strengthening their strategic partnership, with bol.com buying all shares in Cycloon. The events collectively goal to speed up Cycloon’s development and share the ambition to make supply greener and extra social. At the moment, bol.com already holds a majority of shares in Cycloon. The transaction to amass the remaining shares is predicted to be accomplished by the tip of July 2023.
When announcing the partnership in December 2021, each organizations acknowledged that bol.com needed to assist Cycloon in its mission to considerably speed up inexperienced and social supply. In 2022, the transaction for bol.com’s majority stake in Cycloon was completed. This created a future-proof place with robust development alternatives in a aggressive market. For bol.com, the partnership ensures {that a} larger proportion of parcels may be delivered by bicycle and that the web retail platform can provide clients one of the best service in supply. In September 2022, Cycloon delivered the first bol.com parcel.
Optimum synergy
Cycloon, with its nationwide community of bicycle couriers and mail deliverers, delivers mail and parcels all through the Netherlands for 1000’s of consumers. Supply by cargo bike is emission-free and retains residential areas secure. Cycloon additionally employs a whole lot of individuals with a (former) distance to the labor market.
It was initially deliberate that bol.com would purchase the remaining shares in Cycloon in 2026. The events now have determined that they wish to switch all shares in Cycloon to bol.com within the brief time period. Intensifying the cooperation will allow Cycloon to scale up quicker. It will optimize the synergy between the 2 organizations and allow bol.com and Cycloon to comprehend extra influence in making supply extra sustainable and social. Cycloon will live on as an unbiased model, with its personal government board. Moreover bol.com’s parcels, Cycloon will even proceed to ship mail and parcels for different clients.
Key position for Cycloon
The present CEO of Cycloon, Marieke Snoek, has determined handy over her place as CEO. She’s going to take up one other position within the government board. The COO, Nick Vreeswijk, will hand over his actions to a brand new operations director. Inside Cycloon, he’ll stay energetic in an essential place in operations for the final mile of bicycle couriers. Marieke Snoek: “That is the logical subsequent step for Cycloon. We began Cycloon as a result of supply may be executed otherwise: extra sustainable and extra social. I’m assured that with bol.com we are going to proceed our social and sustainable mission and we are going to increase our social influence even additional.”
Vincent Weijers, COO of bol.com: “Transferring in the direction of a sustainable and socially accountable final mile is essential for the way forward for e-commerce and we’re working carefully with all our carriers to realize this. On this, we’re repeatedly how we will additional scale back our CO2 emissions. And intensifying our cooperation with Cycloon performs an essential position on this.”
Situations and course of
The transaction is topic to customary circumstances, together with approval from the Dutch Client & Market Authority. The transaction is predicted to be closed by the tip of July 2023, offered all circumstances are met.
