Pegasus seeks partnership for expansion

Courier company Pegasus, which forecasts business worth between four and five million euros from courier services, will sign a partnership with an investment fund or a strategic partner, with a view to continuing expansion. “Over the course of this year, we have had talks with several investment funds, as well as with players in the field of transportation and courier services. By the middle of next year, we will decide whether to opt for a strategic partnership or an investment fund,” said Lucian Aldescu, general manager of Pegasus Courier. In the first three quarters of the year, the company saw turnover up 60% against the same time last year. Pegasus has budgeted investments worth around 0.5 million euros for this year, with the value of the investments expected to double next year. In 2008, a portion of investments will be directed towards boosting the company’s vehicle fleet by around 25-30%. Currently, the company’s fleet includes 150 lorries. The company’s investment priorities also include the development of its hubs in Bucharest and Sibiu, as well as IT investments.