IDS announces today that its subsidiary GLS has entered into a definitive agreement to acquire 20% of the shares1 in ACS (the “Acquisition” or the “Transaction”) from Quest Holdings' for a total consideration of €74 million1. ACS is the largest parcel carrier in the domestic Greek parcels market and serves over 30,000 customers. Its network provides 100% coverage across mainland Greece and the Greek islands, and is comprised of over 271 ACS outlets operated by exclusive independent agents offering competitive and flexible collection and delivery services, 269 parcel shops and eight hubs. (....)