The acquisition should boost Danzas' capacities in Austria and eastern Europe. It also highlights an industry trend: partnerships and confederations are turning into mergers and acquisitions. But while such deals ensure the partners' strategies are closer aligned, there is a significant risk that clients will decide a global mega-carrier is not for them.
The move should secure Exel's airfreight network base in Austria, and also allow it to move into the Eastern European market. The logistics industry is likely to see many more national acquisitions in the near future. Companies in Central Europe may well continue to be the chosen ones, given their strategic location.
For the second year running, Vienna and utility Stadtwerke are providing subsidies for consumers purchasing an electric bicycle or retrofitting their existing model. This innovative scheme helps improve air quality, ease rush hour traffic, and reduce overcrowding on public transport, and ought to provide inspiration to other major cities such as London.
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