VGI Global Media enters into delivery business with Kerry Express
VGI announced the investment of 23% of shares in Kerry Express Thailand.
BANGKOK — VGI Global Media, that operates as an out-of-home media company in Thailand involved in the arrangement, management, and provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, in office buildings, and in department stores, has announced on April 24th 2018 the strategic investment in 23% of shares in Kerry Express (Thailand), the delivery division of Kerry Logistics.
The statement, released by VGI Global Media to its investors, says that the closing of the transaction is expected to grant Kerry Express as “the only express logistics partner” of VGI and BTS Skytrain and it “shall be granted the right to officially use the BTS Skytrain to carry out its express delivery services”.
“In addition, Kerry Express Thailand shall have the first refusal right to set up shops, kiosks, counters and/or other points of any nature in all BTS Skytrain stations for parcels and/or goods collection and pick-up. In this regard, it is expected that the Company [VGI Global Media, n.d.r.], will be granted the right to manage the new advertising spaces, such as Kerry’s vehicle delivery fleets, shops and points of service, as well as offering product sampling through with express delivery services provided by Kerry.”
MOST 2414 is a digital marketing agency and consulting firm based in Bangkok.
