Fan Courier, established in 1998 by entrepreneurs Felix Patrascanu, Adrian Mihai and Neculai Mihai, is the largest courier company on the local market, with a turnover of RON791 million in 2019, 15% higher on the year. Fan Courier also is the biggest employer, having 2,738 employees in 2019. Fan Courier expects to reach the RON1 billion threshold in 2020, but it depends on the month of December, one of the most important periods in the industry.
Fan Courier expects the local courier and postal services market to exceed EUR750 million level in 2020, after a 20% year-year-year growth, due to increased demand for courier and postal services in the context of the COVID-19 pandemic.
Urgent Cargus places second in the ranking of the largest companies on the local courier services market, with a turnover of RON453 million in 2019, after a nearly 7% year-over-year growth, and some 1,118 employees in 2019. Urgent Cargus is held by buyout investor Mid Europa Partners, which had acquired the company from private equity fund Abris Capital Partners in 2018, within a transaction estimated at EUR120-130 million by Ziarul Financiar. euro.
The top two courier companies, Fan Courier and Urgent Cargus, employ more than 4,000 people, accounting for over half of the people employed by the top ten courier and postal companies in Romania.
TNT Romania ranks third, with a turnover of RON350 million and more than 480 employees in 2019.
The pandemic has significantly boosted the demand for courier services, because people chose to shop online and have products delivered at home, which increased courier companies’ turnover.